Strategy's Bitcoin Bet Yields $4.93 Billion Unrealized Gain

Michael Saylor's Bitcoin strategy has yielded an unrealized gain of approximately $4.93 billion for his company, Strategy.

The firm holds 845,050 BTC at an average cost basis of roughly $75,412 per coin, acquired over 100 purchase events since 2020.

Strategy's massive Bitcoin treasury represents more than 4% of the fixed 21 million supply and has grown from tens of thousands of BTC to its current level through consistent accumulation funded by equity sales and periods of volatility.

The company's balance sheet remains one of the most closely watched expressions of conviction in Bitcoin, with Saylor framing the approach as a long-term commitment rather than a short-term trade.