Currently priced at $67,515, Bitcoin—the original and most significant cryptocurrency by market capitalization—has experienced a staggering decline of 46.5% from its peak value of $126,198 achieved in October 2025. This sharp drop has placed considerable strain on the majority of corporate crypto treasuries.
According to crypto analyst and founder of Capriole fund Charles Edwards, a significant portion of companies holding Bitcoin in their treasury are facing losses.
In a recent tweet, Edwards noted that “77% of Bitcoin Treasury Companies are underwater on their Bitcoin purchases,” pointing out that this situation mirrors what occurred back in May 2022.
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 downfall of the TerraUSD stablecoin project in May 2022 triggered a series of corporate collapses that adversely affected the price of Bitcoin and impacted those who had invested heavily in it.
Bitcoin treasury firms suffer due to $BTC price decline
The current market value for Bitcoin has dipped below the average acquisition cost for Michael Saylor’s company Strategy, which holds substantial amounts in its treasury.
With prices hovering around $67,000 per coin, they fall significantly short compared to Strategy’s average purchase price estimated at approximately $75,985 each. This indicates that the previously software-focused enterprise is now facing billions in unrealized losses.
As reported on March 1st, Strategy’s holdings consist of about 720,737 $BTC, purchased for nearly $54.77 billion at an average rate close to $75,985 per coin.
The company’s stock has plummeted over eight consecutive months—wiping out more than 70% since November 2024.
A look at recent bitcoin price movements
This past week saw Bitcoin undergo a three-day downturn following an impressive midweek rally peaking at $74,100 on March fourth. As investors processed new U.S economic data alongside macroeconomic concerns about inflation rates and employment figures; prices dropped below the crucial threshold of $67K again.
A jobs report falling short expectations heightened worries regarding economic stability while traders anticipate potential interest rate reductions during an upcoming Federal Reserve meeting later this month.
This weekend’s decline coincided with strengthening dollar index values causing most dollar-paired assets—including cryptocurrencies—to decrease as well; however,Bitcoin managed some recovery from Sunday’s low point around$66 ,541 before settling back up near$67 ,515 .