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However, as Bitcoin's value has tumbled below key thresholds—dropping below $76,000, about the average price MicroStrategy paid—this once-rewarded tactic is now backfiring. MicroStrategy's holdings of over 700,000 Bitcoins have not just depreciated in value but have resulted in significant paper losses. Consequently, the company's stock price has slid, with shares of "Strategy" (the entity owning the crypto) falling 7% on a Monday alone and experiencing a staggering 61% decline since Bitcoin's all-time high on October 6. This market correction has left investors and analysts scrutinizing the long-term viability of crypto hoarding as a treasury strategy.