TL;DR:
- Strategy completed its 100th bitcoin purchase, adding 592 BTC for $39.8 million at an average price of $67,286.
- The company holds 717,722 bitcoin acquired for $54.56 billion, with an unrealized loss of around $7 billion.
- Strategy’s shares have fallen more than 50% over the past year and an additional 2.5% in Monday’s premarket.
Strategy recorded last week its hundredth bitcoin purchase since it began accumulating BTC in August 2020. The acquisition, relatively modest compared to previous operations, added 592 BTC for a total of $39.8 million, at an average price of $67,286 per unit. The transaction was fully financed through the sale of common shares, according to a filing with the U.S. Securities and Exchange Commission (SEC).
The milestone was shared by executive chairman Michael Saylor, who posted a message on X. Strategy has consolidated its position as the largest publicly traded company with direct exposure to Bitcoin.
Strategy Holds the Most Expensive Balance Sheet in the Market
With this transaction, the firm’s total reserves stand at 717,722 bitcoin, acquired for $54.56 billion at an average price of $76,020 per unit. Given that bitcoin’s current price is around $66,000, the portfolio carries an unrealized loss of approximately $10,000 per coin, equivalent to roughly $7 billion in total.
The company’s financial situation is complex and must contend with pressure from equity markets. Strategy’s shares (MSTR) fell 2.5% in pre-market trading and have accumulated a decline of more than 50% over the past twelve months, a considerable contraction for a company whose valuation is closely tied to BTC’s performance, which represents nearly its entire corporate strategy.
Saylor‘s bet on turning the company’s balance sheet into a bitcoin accumulation vehicle remains one of the boldest and most controversial in the market. According to the latest market data, Bitcoin is trading at just under $66,000 per unit, posting a decline of nearly 3% over the past 24 hours. In addition, its volume surged 120% and surpassed $40 billion in a single session.
