After signaling another potential purchase on Sunday, Strategy co founder and former chief executive Michael Saylor confirmed that the company has acquired an additional 3,015 Bitcoin for approximately 204.1 million dollars.
The latest purchase was made at an average price of 67,700 dollars per BTC. With this addition, Strategy now holds 720,737 Bitcoin acquired at an average cost of just under 76,000 dollars. Given current market prices, the company remains significantly underwater on its overall position.
With Bitcoin trading near 66,000 dollars at the time of writing, the firm’s holdings are valued at about 47.5 billion dollars, reflecting an unrealized loss exceeding 7 billion dollars.
Many responses to Saylor’s announcement expressed strong support, with one commenter describing the acquisition during current macroeconomic uncertainty as a demonstration of conviction rather than hesitation.
Strategy shares have yet to begin regular trading following the weekend developments in the Middle East. In premarket activity, the stock is down roughly 0.5 percent, with further volatility expected once Wall Street opens.
