Strategy’s Bitcoin investment showed paper losses for the first time in years as the asset dropped below the firm’s average purchase price. However, with Bitcoin at $78,579, the $56 billion position turned positive again. Shares remained down nearly 2% on Monday. The company’s stock price has fallen 60% in the past six months.

Bitcoin hit a low of $74,591, its lowest since Trump’s pro-crypto re-election platform. Strategy’s stock price surged to $543 but has fallen 74% since. Last time losses were shown, the firm held $5.3 billion in Bitcoin at an average price of $30,252 per Bitcoin in 2023.

Strategy recently bought around 900 Bitcoin at an average cost of $88,000 each, funded by issuing common stock. The company sold preferred shares to investors, buying over $1 billion in Bitcoin for consecutive weeks. However, the latest acquisition marks the smallest since December.

The company raised STRC’s dividend rate by 25 basis points to 11.25%, making it costlier to raise money for Bitcoin purchases. Strategy established a USD reserve for prepaying dividends, holding 30 months of payments. The firm raised $31 million more than spent on Bitcoin, leaving it with more cash.

When STRC trades above $100, more will be issued. The preferred share price jumped to $99.17, after falling to $97.95 last week. On Myriad, traders gave a 31% chance of Strategy selling Bitcoin this year, up from 22% the previous week. Jeffrey Epstein’s files were made public last week, with Saylor mentioned in an email by publicist Peggy Siegal in 2010. Siegal described Saylor as a “complete creep” with “no personality.”

Read more at finance.yahoo.com: Strategy’s Bitcoin Bet Dips Underwater as Firm Adds to $56 Billion BTC Stash