Strategy Buys 1,587 Bitcoin for $100M Below Its Blended Cost Basis, Lifting Stack to 846,842 BTC

Bitcoin Acquired

1,587 BTC

The amount of Bitcoin purchased in the latest acquisition.

Total Bitcoin Holdings

846,842 BTC

The cumulative amount of Bitcoin held by Strategy after the recent purchase.

Average Cost Basis

$75,656

The average price paid per Bitcoin by Strategy.

§ 01 Executive Snapshot

What: Strategy acquired 1,587 Bitcoin for approximately $100 million, lowering its average cost basis.
Who: Michael Saylor's Strategy, a corporate entity known for its significant Bitcoin holdings.
Why it matters: The purchase marks a return to accumulation after a brief sale, showcasing the company's continued commitment to Bitcoin as a core asset amidst fluctuating market conditions.

Strategy bought 1,587 Bitcoin at an average price of $63,024 per coin, totaling about $100 million.
The recent purchase increased its total Bitcoin holdings to 846,842 BTC, worth approximately $56.3 billion at current market prices.
The firm funded the acquisition by selling 1,732,553 MSTR shares for roughly $209 million in net proceeds.

Strategy's previous purchases had been at prices above its average cost, reflecting a shift in market conditions that has seen Bitcoin's price decline this year.
The firm has established itself as the largest corporate holder of Bitcoin, holding nearly 20 times the amount of the next-largest treasury, demonstrating a significant market position.

The recent buying strategy indicates a potential shift in market sentiment, as the firm capitalizes on lower prices to build its treasury.
Long-term, this could affect the liquidity and price dynamics of Bitcoin as corporate investments fluctuate with market conditions.

The unrealized loss of about $8 billion on its current Bitcoin holdings poses financial risks should market conditions worsen.
Dependence on MSTR's share price and trading volume for funding future Bitcoin purchases introduces potential volatility in acquisition strategies.

Future Bitcoin purchases will be closely tied to MSTR's stock performance, making it a critical metric to watch.
Any significant changes in Bitcoin's market price could impact Strategy's buying patterns and overall financial health.

§ 07

What did Strategy recently acquire?

Strategy acquired 1,587 Bitcoin for approximately $100 million.

Why is this purchase significant for Strategy?

The purchase marks a return to accumulation and showcases the company's continued commitment to Bitcoin as a core asset.

How has Strategy's total Bitcoin holdings changed after the purchase?

The acquisition increased Strategy's total Bitcoin holdings to 846,842 BTC, worth approximately $56.3 billion.

Who is behind Strategy's Bitcoin investments?

Michael Saylor's Strategy is the corporate entity known for its significant Bitcoin holdings.