- Strategy is the largest corporate holder of Bitcoin, with 499,226 BTC worth $41.67 billion.
- Strategy now owns 2% of Bitcoin’s total supply.
- The company’s stock, STRK, is up 9.06% YTD, but down 10.41% this past month.
Michael Saylor’s firm, Strategy (formerly MicroStrategy), has acquired a further 130 Bitcoin amid a significant market downturn, which has put its past thirteen investments since Nov. 2024 into the red.
Despite BTC trading at an attractive discount, the latest investment from the Bitcoin-first firm is one of the smallest it has ever made.
Strategic Bitcoin Acquisition
According to the firm’s latest disclosure , it has purchased an additional 130 BTC for $10.7 million at an average price of $82,981.
The firm’s holdings now total 499,226 BTC for an average of $66,360 per token. Currently valued at $41.67 billion, Strategy’s BTC portfolio bears an unrealized profit of $8.5 billion.
This latest acquisition was funded by the sale of 123,000 shares from Strategy’s series A perpetual strike preferred stock (STRK). No class A common stock was sold this time.
The company appears intent on accumulating Bitcoin while its price remains below $85,000.
Prior to this latest purchase, the company’s thirteen previous Bitcoin acquisitions resulted in unrealized losses, as they were all executed when Bitcoin traded above $88,500. The last profitable acquisition was made in November 2024.
Market Challenges and Investor Sentiment
Periods of market downturn often present opportunities for firms such as MicroStrategy, Metaplanet, and other institutional investors to increase their Bitcoin holdings at a discount.
However, the prolonged and historically significant outflows from cryptocurrency investment products, coupled with broader market volatility, appear to be constraining additional large-scale acquisitions, despite Bitcoin trading below $90,000.
Strategy pursued BTC to no end in Q4 2024, hoovering up thousands of BTC at a time when it was trading in the $95,000 – $100,000 region. The firm even went as far as to bag 10,107 BTC when it was trading at ATHs of around $105,500 .
Last week’s edition of 130 BTC was the firm’s lowest since April 2024 and its third-lowest on record.
A reduction in purchasing activity from the world’s largest corporate Bitcoin holder could signal to Metaplanet and Bitcoin ETF investors that the market correction is ongoing.
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