Strategy (NASDAQ:MSTR) bought 592 Bitcoin (CRYPTO: BTC) for $39.8 million marking its 100th purchase announcement since August 2020, despite sitting on a $7 billion unrealized loss.
The 100th Purchase Milestone
Strategy sold 297,940 shares of common stock between February 17-22, generating $39.7 million in net proceeds.
The company used the entire amount to buy 592 BTC at an average price of $67,286 per coin.
Total holdings now stand at 717,722 BTC acquired for $54.56 billion at an average price of $76,020 per coin.
With Bitcoin trading just above $66,000, Strategy sits on an unrealized loss of roughly $10,000 per coin—approximately $7 billion total.
Executive Chairman Michael Saylor posted a cheeky announcement on X, celebrating the 100th Bitcoin purchase disclosure since the company began accumulating in August …