The post MicroStrategy Faces Loss on Bitcoin Acquired Since November 2024 appeared on BitcoinEthereumNews.com.

Strategy, formerly MicroStrategy, continues its Bitcoin ($BTC) acquisition strategy. As per the data from Lookonchain, the cumulative Bitcoin holdings of MicroStrategy have touched 499,096 $BTC with latest buyouts. The on-chain data and analytics provider took to social media to discuss the continuous $BTC acquisition spree of MicroStrategy. However, the acquisition made after November 2024 till now is providing Strategy an unrealized loss. This is a huge loss as Strategy is losing $3 billion on current price. MicroStrategy Elevates Bitcoin Holdings to 499,096 with Recent $BTC Buyouts Lookonchain’s data reveals Strategy’s aggressive Bitcoin acquisition strategy over the past years. In this respect, the cumulative 499,096 $BTC holdings of MicroStrategy account for a $40.9B in total cost. The average price for this amount stands at nearly $66,357 per $BTC. This points toward MicroStrategy’s long-term commitment to Bitcoin. Since last year, the platform has reportedly bought up to 246,876 $BTC. This denotes an average price of approximately $94,035, reaching an overall $23.2B. Nonetheless, because of the recent price fluctuations, the respective holdings currently have a value of almost $20.2B. This reflects a $3B in overall unrealized losses. The most recent $BTC acquisitions of MicroStrategy include those taking place between the 18th and 23rd of February this year. During these days, the platform acquired almost 20,356 $BTC at the average price of approximately $97,514. As a result of this, the cumulative Bitcoin balance of Strategy reached 499,096 $BTC. Continuous $BTC Acquisitions Underscore Strategy’s Growing Confidence in Bitcoin According to Lookonchain, even before that, the platform purchased 7,633 $BTC between the 3rd and 9th of the past month. This accounted for an average cost of $97,514. Moreover, between January 21 and January 26, 10,107 $BTC entered MicroStrategy’s holdings. Furthermore, between January 13 and January 20, it added 11,000 $BTC. Keeping in view these massive $BTC…

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Filed under: News - @ March 11, 2025 8:27 am