According to @lookonchain, Bitcoin has fallen below the Strategy account's cost basis, leaving an estimated 1.5B unrealized loss. The source adds that during 2022–2023 the account's BTC position remained underwater for over 500 days. The source reports they sold 704 BTC only once on Dec 22, 2022, and quickly repurchased 810 BTC, describing an otherwise strictly buy and hold approach. Based on @lookonchain's history, this pattern signals limited historical distribution from this large holder during deep drawdowns, and traders may monitor on chain flows for any deviation as a potential liquidity signal, according to the source.

According to @QCompounding, Francois Rochon is quoted that owning great companies and avoiding attempts to predict the stock market is the key to beating the index over the long run; source: @QCompounding on X, Nov 21, 2025. For traders and investors, this points to prioritizing a quality buy-and-hold equity strategy over short-term market timing when seeking benchmark outperformance; source: @QCompounding on X, Nov 21, 2025.