Bitcoin’s weekend decline has put Strategy, the company founded by Michael Saylor, and its massive $BTC portfolio back in the spotlight. Based on Lookonchain’s calculations today, with Bitcoin at around $67,400, the market value of the company’s 850,364 $BTC was approximately $57.31 billion. That puts the gap between the portfolio’s value and the total purchase cost reported by the company at approximately $6.85 billion.
In its 8K filing, published on November 9th, Strategy said its average cost per Bitcoin was $75,456, and its total acquisition cost was $64.16 billion. The filing also said its most recent purchase was 1,036 $BTC, bought at an average price of $79,012 per coin. The company reported financing the purchase with net proceeds from the sale of common shares.
The current gap reflects the revaluation of the Bitcoin holdings at today’s price. For a portfolio of this size, every $1,000 change in Bitcoin’s price shifts the total asset value by approximately $850 million. The company’s stated average cost of $75,456 also serves as a benchmark for returning the portfolio to its purchase cost.
*This is not investment advice.
