Bitcoin slips below Strategy's $75,451 cost basis as Saylor's 849,327 BTC go underwater

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Bitcoin trades at around $74,030 on Monday, below the $75,451 average price at which Strategy bought its 849,327 BTC. What the SEC filing reveals about the purchases, which levels matter now and how Bitcoin and Strategy shares are taxed in Germany.Bitcoin trades below the average price at which Strategy bought its 849,327 BTC.Add as a preferred source on GoogleFollow on Google NewsBitcoin costs around $74,030 on Monday morning, November 9, roughly €66,150 (CoinGecko). That puts the price below the $75,451 average at which Strategy, Michael Saylor's listed company, bought its 849,327 Bitcoin. The facts are these: the largest corporate holding in the world is sitting on a paper loss of a little more than $1.2 billion, and in the latest reported week Strategy spent more money buying back its own preferred shares than on new Bitcoin. Our assessment follows further down: the $75,451 mark is no floor, but it is the line at which sentiment will be decided over the coming days...