Strategy has once again increased its Bitcoin reserves by acquiring 245 BTC for $26 million. This purchase stands out amidst recent market price fluctuations.
Recent Acquisitions by Strategy
The firm acquired 245 Bitcoins for approximately $26 million at an average price of $105,856 per Bitcoin. According to Michael Saylor, the company's total Bitcoin holdings now stand at 592,345 BTC.
Losses from Recent Bitcoin Purchases
Recent acquisitions are facing unrealized losses amid falling Bitcoin prices. For instance, the purchase of 610,100 Bitcoins on June 16 at $104,080 shows an unrealized loss of $27,811,269.50. Likewise, the acquisition of 81,045 Bitcoins on June 9 at $105,426 demonstrates a loss of $4,438,888.78.
Long-Term Accumulation Strategy
Despite current market conditions with Bitcoin trading below recent purchase prices, the company continues to grow its holdings. Strategy’s approach of regular accumulation helps maintain significant unrealized gains due to a lower average acquisition cost of $70,681 per Bitcoin.
Strategy's persistence in accumulating Bitcoin despite market volatility showcases its position as one of the largest institutional Bitcoin holders.
