Michael Saylor: Strategy currently holds approximately $2.55 billion in cash reserves.
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Strategy’s Bitcoin Is $2.8 Billion in Profit—Is Saylor Teeing Up a Buy?
A Bitcoin rally to around $79,000 lifted the company's 840,447 BTC roughly $2.8 billion above its cost basis, as Saylor's "We're Back" post fueled speculation that Strategy may resume buying.
Data: Strategy currently has a paper loss of $11.341 billion, and Bitmine has a paper loss of $9.406 billion.
According to Mars Finance, on-chain analyst Ember's monitoring, Bitcoin treasury company Strategy (MSTR) sold 3,588 BTC ($216 million) last week at a price of $60,197. They now hold 843,775 BTC ($52.343 billion), with an average cost of $75,476, resulting in a paper loss of $11.341 billion (-17.8%). Ethereum treasury company Bitmine (BMNR) bought 42,197 ETH ($69.03 million) last week at approximately $1,636. They now hold a total of 5,742,237 ETH ($10.037 billion), with an average cost of $3,386, resulting in a paper loss of $9.406 billion (-48.4%).
Saylor signals Strategy is ‘Back’ to Bitcoin buying
Michael Saylor’s “We’re Back” post hints Strategy may resume Bitcoin buying after a two-month pause to strengthen its balance sheet.
Saylor signals Strategy is ‘Back’ to Bitcoin buying
Michael Saylor’s “We’re Back” post hints Strategy may resume Bitcoin buying after a two-month pause to strengthen its balance sheet.
Strategy pauses BTC buys, launches $1.6B cash pool after $2B raise
Strategy held off on new Bitcoin buying, maintaining holdings at 840,447 BTC as it launched a $1.59 billion cash pool after raising $2 billion from MSTR stock sales.
Michael Saylor: If Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains could fund STRC dividends indefinitely.
According to ChainCatcher, Bitcoin Treasuries.NET posted on the X platform that Strategy's Michael Saylor stated that if Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains can fund STRC dividends indefinitely. Even if BTC's annual price increase is 0%, Strategy will still have dividend funds for 31 years.