Bitcoin News

Story: Strategy’s Bitcoin Bet Turns Green After Brutal $11 Billion Wipeout

By Dan Saada

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From $32 Billion Gain to $11 Billion Loss. Strategy's bitcoin journey has been brutal. The company owned 640,031 BTC back on October 6, 2025,…

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Buying High Made Recovery Harder. Saylor's approach involved continual buying. No matter what.

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Strategy's bitcoin stash is back in the black. Not by much, but it's there.

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The company formerly called MicroStrategy now holds 780,897 BTC at an average cost of $75,577 per coin.

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Strategy's bitcoin journey has been brutal. The company owned 640,031 BTC back on October 6, 2025, when Bitcoin hit $125,000. At that peak, the paper profit sat at $32 billion.

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The company's board stuck with the plan. They kept declaring preferred share dividends throughout the downturn, signaling confidence even as common stockholders watched their…

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During Q1 2026, Strategy acquired BTC at a volume-weighted average cost near $80,929. Those high-cost purchases inflated the overall average cost basis, which made today's…

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The firm financed these acquisitions through debt issuances and perpetual preferred sales. Over nearly six years, this aggressive buying built a massive Bitcoin position—but it…

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Read also: Bitcoin Miners Dump 32,000 BTC in Three Months as Margins Collapse

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The recent upswing in Bitcoin prices provided temporary relief. But the company's position remains precarious. Bitcoin's volatility hasn't disappeared.

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Critics have questioned Strategy's execution. Buying Bitcoin during its decline, particularly at prices above the existing average, added pressure to the firm's financial standing.

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Strategy's commitment to holding Bitcoin through market fluctuations has been unwavering. Even as the cryptocurrency experienced significant downturns, the approach remained…

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The company's strategy, heavily reliant on Bitcoin's price movements, shows the inherent risks of such concentrated investment.

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More context: Bitcoin Tests $74.7K Breakout Zone as Exchange Reserves Hit Multi-Year Low

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As Strategy navigates these challenges, its financial outcomes continue to hinge on Bitcoin's performance.

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