Strategy, the company led by Michael Saylor, has resumed buying bitcoin after a 10-week pause, according to CryptoBriefing. The firm currently holds approximately 840,447 BTC, with an average cost basis of about $75,385 per coin. At the current market price of roughly $79,000, that position is in profit. Based on those figures, the market value of Strategy's bitcoin holdings would be about $66.4 billion, implying a gain of roughly $3,615 per bitcoin, or around 4.8% above the average purchase price. During the pause, Strategy sold approximately 3,588 BTC to fund its dividend obligations and built up a cash reserve of $1.59 billion. Saylor said the company maintains its 'net accumulator' posture, and it now controls about 4% of the total bitcoin supply. The amount of bitcoin acquired in the resumed purchases was not disclosed. The news was reported by Techub News, citing CryptoBriefing.
Strategy, led by Michael Saylor, has resumed buying bitcoin after a 10-week pause, according to CryptoBriefing.
The company now holds about 840,447 BTC, acquired at an average cost of $75,385 per coin. At the current price of roughly $79,000, the position is profitable. That puts the market value of its bitcoin stash around $66.4 billion, or about 4.8% above the average cost basis.
During the pause, Strategy sold about 3,588 BTC to fund dividend obligations and built a cash reserve of $1.59 billion. Saylor said the firm keeps a 'net accumulator' posture and controls about 4% of all bitcoin in circulation. The size of the resumed purchase was not disclosed. Techub News reported the story, citing CryptoBriefing.
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