Strategy Eyes Major Bitcoin Buy Despite Current Losses
Strategy has hinted at making another major Bitcoin purchase in the future despite currently halting purchases to fortify its treasury. The company, which holds 843,775 BTC acquired for $63.69 billion, is facing an unrealized loss of $9.47 billion due to current Bitcoin prices.
The pause in buying comes after Strategy raised $263.5 million in cash from share sales, increasing its dollar reserves to $3.225 billion without acquiring any new Bitcoins.
However, the company still has the capacity to issue $23.53 billion in shares to fund future operations and balance liquidity needs with potential large-scale Bitcoin purchases.