Strategy adds $330M BTC as paper losses top $14.5B in Q1

Strategy resumed Bitcoin purchases, acquiring 4,871 BTC for $329.9 million, while reporting a $14.46 billion unrealized loss and expanding its holdings.

Michael Saylor’s Strategy, the world’s largest publicly listed holder of Bitcoin, resumed buying BTC last week after reporting no purchases in the final week of March.

Strategy acquired 4,871 Bitcoin (BTC) for $329.9 million last week, according to an 8-K filing with the US Securities and Exchange Commission on Monday.

The purchases were made at an average price of $67,718 per coin, below the company’s overall average acquisition price of $75,644. The new acquisitions bring Strategy’s holdings to 766,970 BTC, acquired for a total cost of around $58 billion.

Read more