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This statistic is misleading. They have no way of knowing what people paid for those games. The “value” isn’t just the Steam price.
As many people have mentioned here, most games in big Steam libraries come from bundles. It’s pretty typical to get games for, like, $1-2 each in those. I regularly get 8 games for $10, of which I only really want 1. I play the one I cared about and get my $10 worth. There’s no “lost value” so long as I got my money’s worth from the title I played.
I take an even bigger view: if I buy 10 bundles for $10 each, and get 1 absolute banger (for my preferences) and a few others that are fun for a bit, then I’m happy. I often add 20 new games to my library in a month, and only immediately play 1. That doesn’t mean I have “$400 value of games I’ve never played.”
You can if you own the Mario game…
… but I just downloaded a 1TB Batocera Switch image to run from MicroSD.