TLDR
- Strategy transferred 1,300 BTC worth about $83 million to new wallets.
- The firm holds 717,722 BTC bought at an average price of $76,020.
- Current unrealized losses stand near $9.5 billion.
- Strategy completed its 100th Bitcoin purchase with 592 BTC last week.
Michael Saylor’s Strategy has moved $83 million in Bitcoin as paper losses near $9.5 billion, drawing renewed attention to its treasury strategy. After two months of inactivity, the company transferred 1,300 BTC to new wallets, while continuing its weekly accumulation plan.
Blockchain data shared by Lookonchain showed that Strategy’s wallets became active again. The firm moved about 1,300 BTC, valued at nearly $83 million, to other wallets. The transfers followed a period of inactivity and came during a phase of unrealized losses.
The activity also followed Strategy’s latest weekly purchase. The company acquired 592 BTC for about $39.8 million. This marked its 100th Bitcoin purchase since it began accumulating the asset in 2020.
Wallet Activity Resumes After Two Months
On-chain records indicated that Strategy transferred 1,300 BTC to newly created wallets. The funds were valued at approximately $83 million at the time of movement. Observers suggested the transfers may be linked to internal fund management.
Lookonchain reported that the wallet linked to the firm was reactivated after weeks of no movement. The transfer did not indicate a sale, and there was no public filing suggesting liquidation. The firm has not issued a statement on the purpose of the transfers.
The transaction comes as Bitcoin trades between $63,000 and $66,000. The price remains below Strategy’s reported average purchase cost. Market volatility has placed the company’s holdings under closer review.
Bitcoin Holdings and Unrealized Losses
According to recent filings, Strategy holds about 717,722 BTC. The total purchase cost stands near $54.56 billion. The company’s average acquisition price is about $76,020 per coin.
With Bitcoin trading below that level, the firm is reporting an unrealized loss of about $9.5 billion. The losses remain on paper, as the company has not announced large-scale sales of its holdings. The balance sheet reflects price movements in the broader market.
Despite the decline, Strategy continued buying Bitcoin. The recent 592 BTC purchase marked its ninth consecutive weekly acquisition. The company funded purchases through at-the-market equity sales and preferred share offerings.
Strategy’s Ongoing Treasury Model
Strategy has shifted from a traditional software business to a Bitcoin-focused treasury vehicle. Under Michael Saylor’s leadership, the company adopted Bitcoin as its primary reserve asset in August 2020. Its first purchase totaled $250 million.
The firm now controls around 3.4 percent of Bitcoin’s total supply. This makes it the largest public corporate holder of the asset. Mara Holdings follows as the second-largest corporate holder with 53,250 BTC.
Saylor has maintained a long-term approach to accumulation. The company has stated in past disclosures that it intends to continue acquiring Bitcoin. The strategy aims to use Bitcoin as a store of value and as protection against inflation.
Share Performance and Market Attention
Since its first Bitcoin purchase in 2020, Strategy’s share price has risen sharply. According to Yahoo Finance data, the stock increased from about $12.44 to around $131.05. This reflects a gain of roughly 950 percent over the period.
The company’s approach has influenced other firms to consider digital asset treasury strategies. Several public companies have added Bitcoin to their balance sheets in recent years.
Strategy remains closely watched by investors and analysts. Its latest wallet movements and continued purchases have drawn attention as the firm navigates a period of unrealized losses.
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