Strategy, chaired by Executive Chairman Michael Saylor, added modestly to its bitcoin position last week, purchasing 592 BTC for approximately $39.8 million.
The coins were acquired at an average price of $67,286 each, with the transaction fully funded through the issuance of common stock, according to a recent SEC filing.
Following the latest buy, the company’s total bitcoin holdings stand at 717,722 BTC, accumulated at a combined cost of $54.56 billion — or an average of $76,020 per coin. With bitcoin trading slightly above $66,000, the stash reflects an unrealized loss of around $10,000 per bitcoin, translating to roughly $7 billion on paper.
The announcement also represents a milestone for the firm. In a post on X, Saylor highlighted that this marks Strategy’s 100th bitcoin purchase disclosure since the company — formerly known as MicroStrategy — began building its BTC position in August 2020.
Shares of Strategy (MSTR) slipped 2.5% in pre-market trading and are down more than 50% compared with a year ago.
