Strategy Buys More Bitcoin as $50 Billion BTC Stash Remains Underwater

Core Viewpoint - Strategy, the world's largest Bitcoin treasury company, continues to acquire Bitcoin despite facing significant unrealized losses due to a recent market downturn [1][4]. Group 1: Company Actions - Strategy purchased an additional 1,142 Bitcoin last week for approximately $90 million, with a cost basis of $78,815 per coin [2]. - The firm funded this purchase by selling $89.5 million worth of Class A Common Shares (MSTR) [2]. - Currently, Strategy holds 714,644 BTC, representing about 3.4% of the total Bitcoin supply, valued at approximately $49.6 billion [3]. Group 2: Financial Performance - Strategy reported a $12.4 billion loss for Q4 2025, attributed to the decline in Bitcoin prices since its peak in October [5]. - The current cost basis for the Bitcoin holdings is $76,056 per coin, leading to an unrealized loss of roughly $4.8 billion [3]. Group 3: Market Conditions - Bitcoin's price has significantly declined from an all-time high of over $126,000, recently trading around $69,193, reflecting a more than 23% drop over the last 30 days [4]. - Strategy shares (MSTR) fell to an 18-month low of $104 last week but began to recover as crypto prices started to rebound [5]. Group 4: Future Outlook - Despite the losses, Strategy's co-founder remains optimistic about the company's long-term strategy and its digital credit shift [5][6]. - There is a nearly 28% chance that the firm may sell some of its Bitcoin holdings by the end of the year, according to market predictions [6].