77% of Corporate Bitcoin Holdings Now Underwater, Data Shows
Analysis
Price Impact
MedWhile 77% of corporate bitcoin holdings being underwater suggests significant unrealized losses for these entities, it doesn't necessarily mean immediate selling pressure. however, it could indicate a psychological level where companies might reconsider their positions if the price continues to decline.
Trustworthiness
HighThe information is based on data cited by a crypto analyst and fund founder, charles edwards, and references a specific past event (may 2022) for comparison, lending credibility to the claim.
Price Direction
NeutralThe news indicates that many corporate holders are currently at a loss. historically, when a similar situation occurred in may 2022, it preceded a market downturn. however, the current price is still relatively high, and without a clear catalyst for selling, the direction remains uncertain. macroeconomic factors like interest rate expectations and the dollar index are also influencing price.
Time Effect
ShortThe data about corporate holdings being underwater is a current snapshot. the comparison to may 2022 suggests a potential for a short-term price reaction if selling pressure emerges from these underwater holders.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bitcoin treasury companies hit by BTC price drop Bitcoin price action Advertisement At a current price of $67,515, Bitcoin , the first and largest cryptocurrency by market cap, is down 46.5% from its all-time high of $126,198 reached in October 2025. Bitcoin’s nearly 47% drop in a matter of months has put most corporate crypto treasuries under pressure. Crypto analyst and Capriole fund founder Charles Edwards indicated a large chunk of Bitcoin treasury companies are in losses. "77% of Bitcoin Treasury Companies are underwater on their Bitcoin buys," Edwards wrote in a recent tweet, adding that the "last time this happened was May 2022." HOT Stories Bessent Meets Bukele to Talk Crypto Crypto Market Review: Ethereum (ETH) Hits First Bullish Setup in 2026, Bitcoin Must Get Comfortable in $70,000s, Was Shiba Inu (SHIB) Price Neutralized? 77% of Bitcoin Treasury Companies are underwater on their Bitcoin buys. The last time this happened was May 2022. pic.twitter.com/S7XBBVEiEn — Charles Edwards (@caprioleio) March 8, 2026 The collapse of TerraUSD stablecoin project in May 2022 sparked a daisy chain of corporate failures, which impacted Bitcoin's price and consequently treasury buyers. Advertisement Bitcoin treasury companies hit by BTC price drop Bitcoin's price has fallen below the average purchase cost of Michael Saylor 's Bitcoin treasury company, Strategy. Bitcoin, at above $67,000, trades well below Strategy’s average purchase price of roughly $75,985 per coin, implying that the one-time enterprise software-focused company is sitting on billions in unrealized losses. Advertisement You Might Also Like Thu, 03/05/2026 - 14:22 Institutions Again Show Interest in Reaccumulating Bitcoin as ETF Inflows Surge: Glassnode By Yuri Molchan As of March 1, Strategy's Bitcoin holdings amount to 720,737 BTC acquired for nearly $54.77 billion at nearly $75,985 per Bitcoin. The company’s common stock has fallen for eight straight months, erasing more than 70% of its value since November 2024. Bitcoin price action Bitcoin fell in a three-day drop following a midweek surge to a high of $74,100 on March 4. Bitcoin fell below $67,000 as investors digested the release of U.S. economic data and macro concerns. A lower-than-expected jobs report increased concerns about the economy, with traders looking ahead to the possibility of interest rate cuts at a Federal Reserve meeting later this month. Saturday's drop comes on the heels of a stronger dollar index, with most assets paired with the dollar falling. Bitcoin slightly rebounded from Sunday's low of $66,541 and trades at $67,515. #Bitcoin #Bitcoin Price