Strategy Reaches Milestone with 100th Bitcoin Purchase and Unfazed by Unrealized Losses

Strategy, formerly known as MicroStrategy, has made its 100th Bitcoin purchase, solidifying its position as one of the largest holders of the cryptocurrency in the world.

The company acquired 592 BTC at an average price of $67,286 per coin, bringing its total holdings to 717,722 BTC. This investment is valued at around $54.6 billion, including fees and expenses.

Saylor's company has been actively buying Bitcoin through the 'winter', which he believes will turn into a bull run with the price reaching $1 million. He points out that the current market downturn is 'a much milder winter' compared to the catastrophic deleveraging of 2022, and that capital inflows remain steady.

The company's holdings now equate to 3.4% of the total 21 million Bitcoin supply, a historically significant level of concentration. Despite sitting on $7.1 billion in unrealized losses, Saylor remains bullish and confident in his investment strategy.