Strategy, the corporate Bitcoin holder led by Michael Saylor, bought another 1,550 Bitcoin this week for about $101 million. The purchase comes even as the company's paper losses on its massive stash balloon past $10 billion — nearing a record — with Bitcoin trading below $64,000.
Sunday hint turned official
Saylor hinted over the weekend that Strategy was ready to resume acquisitions. On Sunday, he posted a cryptic message that traders quickly interpreted as a buying signal. By Monday, the company confirmed it had added 1,550 Bitcoin at an average price of $65,332 per coin. That's roughly $1,300 above the current market price — not a bargain, but consistent with Strategy's dollar-cost-averaging approach.
Unrealized loss near $12.5 billion record
Strategy's total holdings now stand at 845,256 Bitcoin, acquired at an average of $75,680 per coin. With Bitcoin hovering under $64,000, the company is sitting on an unrealized paper loss of more than $10 billion. That's dangerously close to the all-time record of roughly $12.5 billion, a threshold the firm flirted with during the 2022 bear market. The gap is just $2.5 billion — and if Bitcoin slips another 3%, the record will be history.
War chest growing
Alongside the Bitcoin buy, Strategy boosted its USD reserve by $100 million, bringing the cash buffer to $1.0 billion. That gives Saylor plenty of ammunition for future purchases — and signals he's not done accumulating. The company has never sold a single Bitcoin and has repeatedly said it intends to hold forever. With a billion-dollar war chest and Bitcoin at a three-month low, the next move might come sooner rather than later.
Strategy now owns roughly 4% of all Bitcoin that will ever be mined. The bet is clear: buy the dip, hold through the pain, and wait for the cycle to turn. So far, that's been the playbook since 2020. But with paper losses stacking and no price recovery in sight, the pressure on Saylor's thesis is mounting.
