Summary
- Michael Saylor, executive chairman of Strategy, said the company will continue buying Bitcoin.
- Strategy said it remains focused on Bitcoin, disciplined capital allocation, creditworthiness, and long-term value creation, and will continue to act with transparency and resolve.
- As Bitcoin extended its decline, Strategy's unrealized loss rose above $13 billion, while Bitcoin was trading at $60,089.67.
Forecast Trend Report by Period
Michael Saylor, executive chairman of Strategy, said the company will continue buying Bitcoin.
In a post on X on June 26, Saylor wrote that "volatility tests all capital structures." Strategy remains focused on Bitcoin, disciplined capital allocation, creditworthiness and long-term value creation, he wrote, adding that the company will continue to act with transparency and resolve.
Strategy's unrealized loss has widened to more than $13 billion as Bitcoin's drop deepened. That is larger than the market value of some major cryptocurrencies, including Dogecoin. CoinMarketCap data showed Dogecoin's market capitalization was about $12.77 billion as of June 26.
Bitcoin briefly fell below $59,000 on June 26 before recovering the $60,000 level. As of 5:36 p.m. Korea Standard Time, Bitcoin was trading at $60,089.67, down 2.52% from 24 hours earlier, according to CoinMarketCap.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul