Michael Saylor, co-founder of Strategy, recently hinted at a possible return to Bitcoin acquisitions after a brief pause. He shared a Bitcoin tracker on X, as Bitcoin’s price showed some fluctuations. Earlier today, it dipped below $96,000 but later rose above $96,500, according to CoinGecko.
Strategy, previously known as MicroStrategy, currently owns 471,107 Bitcoin, valued at over $45 billion. The last time they bought Bitcoin was on January 26, when they acquired 10,107 BTC at an average price of $105,596 each.
Based in Tysons, Virginia, Strategy has invested around $30 billion in Bitcoin, with an average purchase price of $64,500 per coin. This investment has led to unrealized gains of about $15 billion.
The potential new acquisition would be the first since the company rebranded and introduced a new Bitcoin-themed identity last Thursday. However, Strategy reported a net loss of $670.8 million for the fourth quarter. They added 218,887 Bitcoin to their holdings during this period. Their revenue fell by 3% year-on-year to over $120 million, missing forecasts by about $2 million.
The company’s expenses surged nearly 700%, reaching $1.1 billion. This increase is linked to their ambitious ’21/21 Plan,’ which aims to invest $42 billion in Bitcoin over three years. So far, they have utilized $20 billion of this plan, mainly through senior convertible notes and debt financing.
