Strategy Adds 246,876 BTC, Faces $3B Paper Loss

Strategy, a prominent corporate entity, has amassed an extensive Bitcoin reserve, holding 499,096 BTC valued at approximately $40.9 billion. The company's average purchase price for these Bitcoins stands at $66,357 per coin. Since November 2024, Strategy has aggressively expanded its holdings, acquiring 246,876 BTC at an average price of $94,035 per coin, resulting in a total expenditure of $23.2 billion. However, due to the volatility of Bitcoin's market value, these newly acquired assets are now worth $20.2 billion, leading to a paper loss of around $3 billion.

The most significant period of acquisition occurred between November 18 and November 24, 2024, when Strategy purchased 55,500 BTC at an average price of $97,862 per coin. This acquisition brought the company's total Bitcoin reserves to 386,700 BTC. Despite the recent downturn in Bitcoin's market value, Strategy has continued to add to its reserves, reflecting its long-term commitment to cryptocurrency. The company's largest acquisition occurred between February 18 and 23, 2025, when it added 20,356 BTC at an average price of $97,514.

Strategy's financial position has been further strengthened by a $2 billion convertible notes offering, which allowed the company to add 20,356 BTC to its holdings for approximately $1.99 billion. This purchase has bolstered the company's overall acquisition in 2025, generating a 6.9% BTC yield year-to-date. As of February 23, 2025, Strategy has accumulated 499,096 BTC, acquired for around $33.1 billion at an average price of $66,357 per Bitcoin. Despite the recent slowdown in acquisitions, the company remains one of the most significant corporate holders of Bitcoin.

Strategy's unwavering commitment to Bitcoin is evident in its continued acquisitions despite market fluctuations. The company's average purchase price of $66,357 per Bitcoin highlights its long-term strategy, which involves accumulating Bitcoin regardless of short-term price movements.