Michael Saylor’s Strategy is back in the market, adding another 4,871 Bitcoin worth nearly $330 million, even as its paper losses continue to mount. The purchase came after a brief pause at the end of March and was made at an average price of $67,718 per coin, which is well below the company’s overall average cost of $75,644.
With this latest buy, Strategy now holds 766,970 BTC, acquired for roughly $58 billion. But the timing highlights a tough quarter. The company reported an unrealised loss of $14.46 billion in Q1, driven by Bitcoin trading below its cost basis.
Still, Strategy isn’t slowing down. In fact, it has added nearly 90,000 BTC in the first quarter alone, doubling down during price weakness. March saw some of its largest weekly buys on record.
The firm is also actively raising fresh capital to support its aggressive Bitcoin strategy. It has updated its stock sale programmes, including new offerings worth tens of billions of dollars. Recent share sales alone brought in over $470 million in proceeds.
Despite short-term losses, Strategy appears committed to its long-term conviction: accumulate Bitcoin regardless of market cycles.
Source: X.com
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