The amount of bitcoin currently held at a loss has climbed to a record 10.83 million BTC. The figure suggests a large share of holders are sitting on unrealized losses, underscoring the market’s broader weakness and its impact on investor sentiment.

Strategy added about $35 million in bitcoin and increased its cash reserves by $300 million last week. The moves reflect the company’s strategy to bolster its balance sheet through portfolio adjustments.

Strategy’s dividend-paying preferred stock STRC closed at $91.79 on Tuesday, marking its third-lowest close since trading began in July 2025 and leaving it nearly 8% below its intended $100 par value. The security has stayed under par as bitcoin remains weak and investors question how well dividends are covered after the company used cash to repay $1.5 billion of convertible debt. At the same time, demand has shifted toward Strive’s competing SATA preferred, which offers a higher yield, daily dividends and a debt-free capital structure, according to CoinDesk.