Strategy ($MSTR) Bought 855 Bitcoin Ahead of Weekend Market Crash, Holdings Hover Near Breakeven
Summary
Strategy ($MSTR) acquired 855 Bitcoin last week for about $75.3 million, averaging $87,974 per coin, just before Bitcoin experienced a sharp sell-off that briefly dropped prices below $75,000 over the weekend. Led by Executive Chairman Michael Saylor, Strategy now holds 713,502 BTC, acquired at an average cost of $76,052 per coin, placing their total treasury marginally above breakeven as Bitcoin traded just above $77,000. The purchase was funded by selling common stock, aligning with their strategy to finance acquisitions through capital raising. The weekend Bitcoin drop briefly pushed Strategy's unrealized losses close to $1 billion before a rebound. Strategy continues to be the world's largest corporate Bitcoin holder, with Saylor hinting at further purchases in 2026, supported by recent increases in preferred stock dividends.
(Source:Bitcoin Magazine)