Strategy bought another 1,550 BTC for $101.3 million last week at an average price of $65,332, per an SEC Form 8-K filing. The purchase brings the company's total holdings to 845,256 BTC, valued at $53.12 billion at current prices.
Why it matters
The company is now sitting on an unrealized loss of $10.85 billion — roughly 16.96% below its average cost basis of $75,680. The figure underlines a key feature of Strategy's treasury strategy: the firm continues to accumulate through drawdowns rather than wait for recoveries, treating BTC as a long-duration reserve asset rather than a trade.
Market impact
The buy keeps Strategy on pace for its annual accumulation target and reinforces its position as the largest corporate holder of Bitcoin by a wide margin. Saylor's willingness to add at a loss — and disclose it in an 8-K — is itself a signal: regulated, audited corporate buyers rarely expand positions into unrealized losses unless the thesis is structural, not tactical. Watch the next 8-K for the average-cost trajectory; if $75,680 keeps drifting higher, the signal is conviction; if it drops, the firm is timing the dip.
Source: [source](https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blt0eb10e46a66647c3/6a26adab8355c350c5f649f2/form-8-k_06-08-2026.pdf)
Frequently asked questions
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Why does Strategy keep buying Bitcoin at a loss?
Saylor's playbook treats BTC as a long-duration corporate reserve asset rather than a tactical trade. Adding through drawdowns compounds the position at lower prices and signals structural conviction rather than timing the cycle.
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