Strategy Sees $10B Losses Turn to $8B Gains as Bitcoin Buys Resume

Michael Saylor's investment firm Strategy has made another substantial Bitcoin purchase, buying 950 BTC for approximately $75.7 million.

This move comes after a three-week period of silence from the company and is in line with Saylor's previous statements, where he posted a chart of Strategy's Bitcoin buying history on X with the caption 'a little more orange.'

According to an SEC filing dated September 21st, Strategy now holds a total of 846K BTC, acquired over time for a combined $63.8 billion.

This news is significant as it follows a period where Strategy saw its unrealized losses turn into gains, with the company's losses decreasing from $10 billion to $8 billion in just a short span of weeks.