Strategy Doubles Down on Bitcoin Accumulation Despite Underwater Treasuries

Strategy CEO Phong Le has reaffirmed his commitment to accumulating Bitcoin, despite the company's massive stock rally. The firm recently repurchased $139 million in shares but added no new BTC for a second week.

The company's average cost basis of $80,500 remains above spot prices, keeping its corporate treasuries underwater with the price below $80K and weak treasury inflows.

Saylor compared buying Bitcoin to golf, arguing that 'wealthy people buy bitcoin' and that buying bitcoin creates wealth. Strategy ranks second in S&P 500 companies for its digital asset reserves.