Saylor Signals New Bitcoin Buy as Strategy’s 843,706 BTC Position Shows $11 Billion Paper Loss
Updated
Updated · TradingView · Jun 5
Saylor Signals New Bitcoin Buy as Strategy’s 843,706 BTC Position Shows $11 Billion Paper Loss
3 articles · Updated · TradingView · Jun 5
Summary
Michael Saylor posted that it was “a good time to add more dots,” a phrase he has often used before Strategy discloses another Bitcoin purchase.
Strategy’s chart showed 843,706 Bitcoin worth about $52.2 billion, bought at an average $75,701 each, leaving the company with an unrealized loss of more than $11 billion.
$174 billion in cumulative realized losses has been logged since Bitcoin’s October peak, CryptoQuant said, still below the roughly $211 billion seen in the 2022-2023 bear market.
Bitcoin traded around $61,737, up more than 1% in 24 hours, but analyst Benjamin Cowen said the break below February’s low marks a third bear-market stage.
The signal came days after criticism of Strategy’s Bitcoin sale, with MSTR down more than 6% on Friday and retail sentiment on Stocktwits remaining extremely bearish for both MSTR and BTC.