Strategy Signals More Bitcoin Buying, Bringing Holdings to 766,970 BTC

Source
Suehyeon Lee

Summary

  • Strategy signaled an additional Bitcoin purchase, maintaining its position as the largest corporate BTC holder.
  • Strategy bought 4,871 Bitcoin for about $329.8 million, bringing its total holdings to 766,970 BTC (about $54.5 billion).
  • Despite an average purchase price of $75,644 and about $14.5 billion in unrealized losses, the company continued buying 46,233 BTC in March, far outpacing the roughly 16,200 BTC mined during the month.

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Photo: Michael Saylor
Photo: Michael Saylor

Strategy, the largest corporate holder of Bitcoin, has signaled it may expand its holdings.

On May 12, Chairman Michael Saylor posted "Think bigger" on X along with the company’s Strategy Tracker chart. The post was interpreted as a sign that another purchase may be coming.

Strategy bought 4,871 Bitcoin for about $329.8 million on May 6. That increased its total holdings to 766,970 BTC, worth about $54.5 billion.

The company’s average purchase price is about $75,644 per Bitcoin. As of the first quarter, it had about $14.5 billion in unrealized losses.

Even so, Strategy has continued buying Bitcoin. About 16,200 BTC were mined in March, while the company bought 46,233 BTC during the same period.

Suehyeon Lee

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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