# Strategy's Bitcoin Bet Is Now a $13B Paper Loss | CoinDesk Daily Page: https://stenobird.com/podcast/coindesk-podcast-network-334494/strategy-s-bitcoin-bet-is-now-a-13b-paper-loss-coindesk-daily Text version: https://stenobird.com/podcast/coindesk-podcast-network-334494/strategy-s-bitcoin-bet-is-now-a-13b-paper-loss-coindesk-daily.md Podcast: [CoinDesk Podcast Network](https://stenobird.com/podcast/coindesk-podcast-network-334494) Published: 2026-06-26T18:11:00+00:00 Episode link: https://traffic.megaphone.fm/CDI1227978043.mp3 Audio file: https://traffic.megaphone.fm/CDI1227978043.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/coindesk-podcast-network-334494/episodes/strategy-s-bitcoin-bet-is-now-a-13b-paper-loss-coindesk-daily Duration seconds: 93 ## Resource Strategy's $13B unrealized loss. Strategy is sitting on a $13 billion unrealized loss on its bitcoin holdings, with its STRC preferred stock down 25% from par. The company still has about 10 months of reserves to cover dividends but the bigger question is whether investor confidence holds if bitcoin doesn't bounce back. CoinDesk's Sam Ewen hosts "CoinDesk Daily." - This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/coindesk-podcast-network-334494/episodes/strategy-s-bitcoin-bet-is-now-a-13b-paper-loss-coindesk-daily/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/coindesk-podcast-network-334494/strategy-s-bitcoin-bet-is-now-a-13b-paper-loss-coindesk-daily.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.