Strategy, the world’s largest publicly traded company holding bitcoin, purchased 592 coins for $39.8 million last week.
According to an SEC filing, the purchases were entirely financed by sales of ordinary stock, with an average purchase price of $67,286 per bitcoin.
717,722 bitcoins acquired for $54.56 billion, or an average price of $76,020 per coin. With bitcoin currently trading just above $66,000, the position represents an unrealized loss of roughly $10,000 per coin, or about $7 billion in total.
The company now holds 717,722 bitcoins, which were purchased for $54.56 billion. The average purchase price per coin is around $76,020.
The investment represents an unrealised loss of around $10,000 per coin, or roughly $7 billion overall, given that bitcoin is presently selling slightly over $66,000.
According to a post by Executive Chairman Michael Saylor on X, it was Strategy’s 100th purchase of bitcoin since the company (then named MicroStrategy) began acquiring BTC in August 2020.
You need to login in order to Like
Leave a comment