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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.
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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.
Continue Reading: A Tradition Broken: Strategy Didn’t Buy Bitcoin Today—Did Saylor Say Anything About It?