Bitcoin Falls Below Strategy's $76,037 Holding Cost for First Time Since 2023

The statement is assessed as likely true based on strong, consistent evidence from multiple high-authority sources. The core claims of the statement are well-supported.1. **Identity of 'Strategy' and Holding Cost:** Multiple sources confirm that 'Strategy' refers to the company MicroStrategy (MSTR), led by Michael Saylor. Several high-authority news outlets, including CoinDesk, The Block, and AInvest, explicitly state that MicroStrategy's average holding cost for its Bitcoin is $76,037. This figure is presented as a known and critical metric, referred to on Reddit as the "Saylor Defense Line."2. **Price Drop Event:** The claim that Bitcoin's price fell below this holding cost is also directly corroborated. The CoinDesk article reports that the company's holdings went "officially underwater." The Coin Bureau social media post announced it as "breaking news," and the AInvest report specifies a trading price of $75,500, which is below the $76,037 cost basis.3. **Temporal Claim ("first time since 2023"):** This is the weakest part of the statement, as none of the provided sources explicitly state that this is the first time such an event has occurred since 2023. However, the newsworthy framing of the event (e.g., "breaking news," "officially underwater") strongly implies its significance and recent novelty. MicroStrategy's average cost basis is not static; it changes with each new purchase. It is plausible that the cost basis only recently rose to the $76,037 level, making this the first time the price has fallen below this specific, historically high average cost. While not definitively proven by the text, there is no contradictory evidence.In summary, the two central facts of the statement—the holding cost and the price falling below it—are overwhelmingly supported. The third claim about the timing is not explicitly confirmed but is contextually plausible and not contradicted. Therefore, the statement as a whole is highly likely to be true.