Business intelligence firm Strategy (formerly MicroStrategy) continues to expand its Bitcoin treasury, acquiring an additional 130 BTC for $10.7 million at an average price of $82,981 per coin. This brings their total holdings to 499,226 BTC—equivalent to 2.38% of Bitcoin's circulating supply.
MicroStrategy’s Recent Bitcoin Purchases Face 25% Paper Losses
Data from SaylorTracker reveals that the company's last 13 Bitcoin acquisitions are collectively down by nearly 25%. Key examples include:
- February 24, 2025 Purchase: 20,356 BTC at $97,514/coin
📉 14.86% decline → $295.8M unrealized loss - January 27, 2025 Purchase: 10,107 BTC at $105,596/coin
📉 23.53% drop → $258.8M paper loss - November 25, 2024 Purchase: 55,500 BTC at $97,862/coin
📉 14.46% dip → $780.7M unrealized loss
Only two recent purchases show gains:
✅ March 17 buy (130 BTC)
✅ November 11, 2024 acquisition (27,200 BTC at $74,463/coin) +11.52%
👉 How does Strategy maintain profitability despite losses?
Long-Term Performance Remains Strong
Despite short-term volatility, Strategy’s overall BTC investment shows a 25.52% profit:
- Total Investment: $33.1B (avg. $66,360/BTC)
- Current Value: $41.6B
- Unrealized Gain: $8.46B
Early acquisitions (2020-2021) at sub-$12,000 prices continue to offset recent losses. The firm remains the largest corporate Bitcoin holder globally.
Evolving Acquisition Strategy
2025 shows a shift toward smaller, more frequent purchases compared to 2024’s block acquisitions:
| Period | Typical Purchase Size | Example |
|---|---|---|
| Late 2024 | 20,000–55,500 BTC | Nov 25: 55,500 BTC ($5.4B) |
| 2025 | 130–20,356 BTC | Mar 17: 130 BTC ($10.7M) |
This strategy allows dollar-cost averaging amid market fluctuations.
FAQs: Strategy’s Bitcoin Holdings
Why does Strategy keep buying Bitcoin at a loss?
The company follows a long-term accumulation strategy, prioritizing supply ownership over short-term price movements.
How much Bitcoin does Strategy own?
499,226 BTC (2.38% of circulating supply) as of March 2025.
What’s the average purchase price?
$66,360 per BTC across all acquisitions.
👉 Discover how institutions approach crypto investments
Will paper losses affect Strategy’s operations?
No—the firm holds Bitcoin as a treasury reserve asset, not for trading liquidity.
Key Takeaways
- Strategy’s BTC holdings reach 499,226 with latest purchase
- Recent acquisitions face 25% collective loss
- Long-term portfolio shows $8.46B unrealized gain
- Shift toward smaller, frequent buys in 2025
All data sourced from SaylorTracker. Not financial advice.