Key Takeaways
- Strategy, formerly MicroStrategy, hints at a new Bitcoin purchase as prices fluctuate.
- The company has yielded around $15 billion in unrealized gains due to its substantial Bitcoin holdings.
Share this article
Strategy co-founder Michael Saylor on Sunday posted the Bitcoin tracker on X, signaling a possible resumption of Bitcoin acquisitions after a week’s break. The hint comes as Bitcoin’s price fluctuates, dipping below $96,000 earlier today before rebounding above $96,500, according to CoinGecko.
Death to the blue lines. Long live the green dots. pic.twitter.com/SOtFHRoykd
— Michael Saylor⚡️ (@saylor) February 9, 2025
Strategy, formerly known as MicroStrategy, currently holds 471,107 Bitcoin valued at over $45 billion at current market prices. The company’s most recent acquisition of 10,107 BTC was made in the week ending Jan. 26, at an average price of $105,596 per coin.
The Tysons, Virginia-based firm has invested approximately $30 billion in Bitcoin at an average price of $64,500 per coin, resulting in $15 billion in unrealized gains.
The potential purchase would mark Strategy’s first Bitcoin acquisition since its corporate rebranding announced Thursday, when the company unveiled a new Bitcoin-themed visual identity.
Strategy also reported a $670.8 million net loss for the fourth quarter while adding 218,887 Bitcoin to its holdings. Revenue declined 3% year-on-year to over $120 million, falling short of forecasts by approximately $2 million.
The company’s expenses increased nearly 700% to $1.1 billion, attributed to its ’21/21 Plan’ which aims to invest $42 billion in Bitcoin over three years. Strategy has utilized $20 billion of this plan, primarily through senior convertible notes and debt financing.
Crypto market braces for volatility
Bitcoin has fallen 11% from its January 20 record high of $108,786, following President Donald Trump’s inauguration. The crypto asset traded at around $96,500 at press time, down approximately 3% in the past week.
Despite a number of positive regulatory and legislative developments post-inauguration, recent tariffs imposed by President Trump have rattled markets, causing a selloff in crypto assets. The risk of a trade war has increased uncertainty and reduced investor appetite for riskier assets.
Whether the crypto market heads north or south, Strategy is likely sticking to its Bitcoin purchase strategy.
Share this article