Strategy Buys More Bitcoin as $50 Billion BTC Stash Remains Underwater

MicroStrategy, the corporate Bitcoin giant led by Executive Chairman Michael Saylor, has continued its aggressive accumulation strategy, announcing the acquisition of additional BTC holdings. This move underscores the company’s long-term conviction in the digital asset, even as its massive existing stash holds a substantial unrealized loss on its balance sheet. While the cumulative value of MicroStrategy’s holdings approached $50 billion during the peak of the 2021 bull market, recent downturns have pushed the company’s average purchase price significantly above the current spot market rate, rendering the overall investment ‘underwater.’ The firm utilizes capital raised through convertible senior notes and excess cash flow to fuel these purchases, emphasizing its belief that Bitcoin serves as the superior long-term treasury reserve asset. MicroStrategy now holds the largest corporate treasury of Bitcoin globally, solidifying its position as a high-conviction Bitcoin proxy stock despite persistent market volatility.

Source: Strategy Buys More Bitcoin as $50 Billion BTC Stash Remains Underwater