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Home/Markets & Investing/MICHAEL SAYLOR

The company’s $58 billion Bitcoin bet remains underwater as price trails cost basis

JP

Jordan Pendleton

Michael Saylor · Apr 9, 2026

The company’s $58 billion Bitcoin bet remains underwater as price trails cost basis

Source: DojiDoji Data Terminal

Strategy’s $58.02 billion bet on Bitcoin remains underwater as the cryptocurrency trades below the company’s $75,644 average cost per coin. Despite a recent rebound in price, the firm’s entire Bitcoin position is still unprofitable, with the latest purchase made at $67,718 per coin—nearly 11% below its break-even point. In Q1 2026 alone, the company reported over $14 billion in unrealized losses on its holdings, a direct reflection of the price decline during the quarter.

Related Brief1h ago
bitcoin investing

Michael Saylor's 'Think ₿igger' Post Signals New Bitcoin Buy Amid Geopolitical Turmoil

Bitcoin’s price fell to around $71,500 as geopolitical tensions flared following the collapse of high-stakes US-Iran peace talks in Islamabad. The breakdown, driven by disputes over Iran’s nuclear program and control of the Strait of Hormuz—a corridor for roughly 20% of global oil shipments—sparked fears of supply disruption and military escalation. In response, the US began minesweeping operations and naval deployments, rattling global markets and weakening risk appetite across asset classes. Amid this turmoil, Michael Saylor posted 'Think ₿igger' on X, accompanied by the 'Orange Dots' chart mapping Strategy’s (formerly MicroStrategy) past Bitcoin acquisitions. The signal, widely interpreted as foreshadowing new purchases, comes just after the company added $330 million in Bitcoin to its holdings—its first major buy since ending a 13-week pause. Strategy’s Bitcoin treasury is now worth nearly $54.84 billion. The company has resumed accumulation through fundraising via STRC shares and stands ready to deploy capital from a $42 billion ATM facility, suggesting further Bitcoin purchases could follow despite ongoing macro instability.

Yet Strategy continued buying aggressively, spending more than $7 billion to acquire over 89,000 BTC in 12 separate transactions. The buying spree extended into April, when the company purchased 4,871 BTC for $329.9 million at an average price of $67,718. That brought its total expenditure on Bitcoin to $58.02 billion since 2020.

Related BriefJust now
bitcoin accumulation

Strategy’s Bitcoin Buys Now Outpace New Supply by 2.2x, Tightening Market Liquidity

Strategy’s bitcoin buys now outpace new supply by 2.2x, tightening market liquidity and amplifying long-term upward pressure on price. The company added 24,675 BTC year to date, acquiring bitcoin at more than twice the rate it is being mined. That accumulation brings Strategy’s total holdings to 766,970 BTC, valued at approximately $54.47 billion. By absorbing more than two-fifths of the network’s new supply, Strategy is accelerating a structural tightening in bitcoin’s available float. Each purchase reduces the pool of tradable coins, reinforcing scarcity dynamics that favor price appreciation over time. The firm’s balance sheet supports continued buying: it holds $2.25 billion in USD reserves against $8.25 billion in debt, with net leverage at 11%. That leaves room to act when volatility strikes. It did just that as bitcoin dropped 2.5% to near $71,000 following U.S. military movement into the Strait of Hormuz amid Iranian mine threats. The dip, driven by macro risk-off sentiment, may have created an entry window. Michael Saylor signaled readiness for it. On April 12, the executive chairman posted 'Think Bigger' on X—language traders have learned to associate with new accumulation cycles. He did not confirm a purchase. He didn’t need to. The pattern is now embedded in the mechanism: volatility enables acquisition, acquisition compresses supply, and compressed supply reshapes price trajectories.

The company’s stock price has mirrored the volatility of its core asset, trading at $163—down more than half from its 2025 high above $400. Michael Saylor, the former CEO and architect of the strategy, has maintained that the company will not sell any Bitcoin and will keep accumulating regardless of price.

Related Brief1d ago
personal finance

Debt Repayment Constraints Cap Business Startup Costs At $500

A $1,000 investment in an untested side business diverts capital from debt payoff, extending the repayment timeline and increasing the total interest paid on a balance. This is the consequence of carrying $75,000 in consumer debt while attempting to launch an Etsy embroidery business. The startup cost is $1,000. The wife has no proven track record in this specific business. Rachel Cruze advises a $500 cap on spending for new ventures when no history of sales or customer demand exists. This limit protects the debt payoff plan by containing the downside loss if the business fails to gain traction.

Michael Saylor

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