Strategy acquired 4,871 bitcoin last week in a purchase totaling approximately $329.9 million, with an average price of $67,718 per coin. The transaction represents the company’s continued commitment to accumulating the cryptocurrency as a core part of its financial strategy. The latest buy adds to what has become one of the largest corporate bitcoin positions in the world.
In total, Strategy has now spent roughly $58.02 billion building its bitcoin holdings, at an average acquisition cost of $75,644 per coin. Because current market prices sit below that average, the company is carrying approximately $5 billion in unrealized losses on its position. This gap between purchase price and present value highlights the volatility inherent in holding large quantities of the asset.
The firm’s total holdings now stand at 766,970 BTC, a figure that represents around 3.8 percent of bitcoin’s entire circulating supply. Controlling such a significant share of available coins places Strategy in a distinctive position relative to other institutional investors. Few single entities hold a comparable proportion of any major cryptocurrency’s supply.
Originally reported by CoinDesk.
