Strategy Teases Next Bitcoin Buy Amid $7 Billion Paper Loss

Strategy's executive chairman Michael Saylor has hinted that the company may be preparing to announce another Bitcoin purchase, despite its current holdings being in a paper loss of over $7 billion.

The company's average cost per Bitcoin stands at over $76,000, while Bitcoin's price currently trades around $66,200. This puts Strategy's Bitcoin holdings at a loss of over 12% and valued at approximately $47.65 billion.

Saylor posted on X, 'The Turn of the Century,' alongside an Orange Dot chart, suggesting that Strategy continued accumulating Bitcoin this year after announcing its 100th buy in February.