MSTR Stock Gains After Strategy Spends Another $76 Million On Bitcoin While Sitting On $4B Unrealized Loss

Michael Saylor-backed Strategy (MSTR) announced on Monday that it has acquired more than 1,000 Bitcoin (BTC) over the past week for around $76.6 million, while still sitting on a paper loss of just under $4 billion. 

The company said it had acquired 1,031 BTC for $76.6 million at an average price of $74,326. Strategy’s total holdings now stand at 762,099 BTC, acquired for $57.69 billion at an average cost of $75,694. With the average price still above Bitcoin’s current price, the company is sitting on paper losses of around $4 billion, according to CoinGecko data. 

MSTR’s stock gained as much as 1.14% in pre-market trade amid a broader rally in the stock and cryptocurrency markets after President Donald Trump announced a five-day delay on any strikes against Iranian energy facilities following “productive talks” over the weekend. 

Bitcoin’s price gained nearly 2.5% in the last 24 hours to cross $70,000 after hitting an intraday low of under $68,000. On Stocktwits, retail sentiment around BTC fell to ‘bearish’ from ‘neutral’ territory over the past day, with chatter at ‘low’ levels.

Meanwhile, retail sentiment around MSTR shares dropped to ‘neutral’ from ‘bullish’ territory over the past day, while chatter fell to ‘normal’ from ‘high’ levels. 

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Read also: Bitcoin Price Shoots Above $70,000 After Trump Says US-Iran Held ‘Productive’ Talks

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