Strategy Inc. (NASDAQ:MSTR) risked incurring unrealized losses on its Bitcoin (CRYPTO: BTC) purchases, yet co-founder Michael Saylor remains bullish on the apex cryptocurrency.
What Happened: Strategy has acquired a total of 528,185 BTCs at an average cost price of $67,458, according to a Tuesday X post by blockchain analytics firm Arkham. The total market value of its stockpile was $40.16 billion, marking a 13% floating profit.
However, Bitcoin was trading at a little over $76,000 as of this writing, meaning that an 11% downside move could flip the firm’s unrealized gains into unrealized losses.
Why It Matters: Strategy, the world’s largest corporate Bitcoin holder, has seen its stockpile surge 133% over the last three quarters, driven by the leading cryptocurrency’s bullish flip.
However, the company made a rare pause last week, disclosing that no additional Bitcoin was purchased between March 31 and April 4, owing to a lack of interest in its equity issuance program. It also reported nearly $6 billion in unrealized losses for the first quarter of 2025.
Meanwhile, despite the ongoing slump, the Strategy co-founder maintained his bullish view on the top cryptocurrency, deeming it “digital gold.”
Price Action: At the time of writing, Bitcoin was exchanging hands at $76,048, down 5.61% in the last 24 hours, according to data from Benzinga Pro.
Shares of Strategy fell 3.13% in after-hours trading after closing 11.3% lower at $237.95 during Tuesday’s regular trading session.
The MSTR stock demonstrated a very high momentum score as of this writing. To explore similar high-momentum equities, visit Benzinga Edge Stock Rankings.
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