Crypto

Strategy resumes Bitcoin purchase, adding $330M after 14.5B unrealized loss in Q1


Strategy added 4,871 Bitcoin for about $330 million in the first week of April, restarting acquisitions after a brief pause and bringing its total stash to approximately $767,000 BTC.

At a Bitcoin price of $69,430, the company’s holdings total approximately $53 billion, with unrealized losses near $5 billion.

ATM activity across two reporting windows

The purchases were funded through proceeds from Strategy’s ongoing at-the-market share program, according to a recent SEC disclosure.

During the final two days of March, the company sold roughly 2.3 million shares of its STRC preferred stock for $227 million and 583,000 MSTR common shares for $72 million, with no Bitcoin purchases in that period.

From April 1 through April 5, Strategy sold more than 1 million STRC shares for about $103 million and 593,000 MSTR shares for $72 million. Combined net proceeds across both periods totaled approximately $474 million, of which $330 million was deployed into Bitcoin.

For the first quarter, Strategy recorded an unrealized loss on digital assets of $14.5 billion with a $2.4 billion deferred tax benefit, while digital assets are carried at approximately $52 billion with a $1.7 billion deferred tax asset fully reserved.

This is a developing story. Please check back for further updates.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.





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