StrategyTracker Data: As of July 12, Strategy (formerly MicroStrategy) holds approximately 843,800 BTC in its bitcoin reserve, with a total market value of about $54.0 billion. Its average cost is around $75,653, and the current unrealized loss is approximately -15.41% (about $9.837 billion).
There are a few calm points worth looking at in this chart:
1. 113 purchase events span multiple cycles, indicating that its strategy is not market timing but continuous accumulation;
2. The average cost line is currently above the current price, meaning even this most steadfast institutional buyer is in an unrealized loss;
3. Institutional holdings themselves do not determine the direction of BTC, but to some extent they reflect a pricing anchor for the narrative of “digital reserve assets” by long-term capital.
When the market focuses on short-term volatility, this kind of long-term holding data acts more like a reverse thermometer: the larger the unrealized loss, the colder the market sentiment, but the long-term holding structure does not break down as a result.
$BTC
#Bitcoin #Strategy #HODL #OnChain
There are a few calm points worth looking at in this chart:
1. 113 purchase events span multiple cycles, indicating that its strategy is not market timing but continuous accumulation;
2. The average cost line is currently above the current price, meaning even this most steadfast institutional buyer is in an unrealized loss;
3. Institutional holdings themselves do not determine the direction of BTC, but to some extent they reflect a pricing anchor for the narrative of “digital reserve assets” by long-term capital.
When the market focuses on short-term volatility, this kind of long-term holding data acts more like a reverse thermometer: the larger the unrealized loss, the colder the market sentiment, but the long-term holding structure does not break down as a result.
$BTC
#Bitcoin #Strategy #HODL #OnChain