Strategy, led by Michael Saylor, has paused its weekly Bitcoin purchases for the first time in over a year. The company did not make any new purchases this past week, keeping its total Bitcoin holdings at 762,099 $BTC.
The current market value of the total $BTC held by the company is estimated at approximately $51.6 billion, representing more than 3.6% of the total circulating supply. As of March 29th, Strategy’s total cost basis was approximately $57.69 billion, with an average purchase price of $75,694 per Bitcoin.
According to current data, the company’s Bitcoin position carries an unrealized loss of approximately 10.5%, representing a loss of around $6.07 billion. Despite this, Strategy continues to pursue its long-term $BTC accumulation strategy.
Looking at the company’s purchase history, it appears they have been accumulating Bitcoin regularly throughout March. Strategy purchased 1,031 $BTC on March 23rd, 22,337 $BTC on March 16th, and 17,994 $BTC on March 9th, with their last purchases made at an average price of approximately $74,326.
Strategy has accumulated a total of 762,099 $BTC through 104 separate purchases, adding Bitcoin to its portfolio at an average cost of $75,694.
Saylor has not made any statement today regarding the decision not to buy $BTC. The only post Saylor made today was a GIF of Elon Musk with Bitcoin in the background.
*This is not investment advice.
