🔥 What a COMEBACK for Saylor.
Strategy just flipped from a $13 billion unrealized loss to roughly $1.4 billion in unrealized profit, in about five weeks.
Back in July, when Bitcoin bottomed near $58,000, Strategy's 840,447 BTC stack was underwater by $13 billion, over 20% of its entire cost basis. Bitcoin has since ripped nearly 22% higher over five straight days, pushing past $77,000 and flipping the whole position green.
Here's the twist: Saylor didn't buy his way out of this. Strategy hasn't purchased a single Bitcoin in 8 straight weeks. During the depths of the drawdown, the company actually sold around 6,916 BTC while prices sat in the low-to-mid $60,000s, using proceeds to build its dollar reserve up to $4.8 billion, enough to cover 2.8 years of dividend obligations.
So this comeback isn't a fresh conviction bet. It's Bitcoin's rally doing the heavy lifting while Strategy plays defense, protecting its preferred stock obligations and cash runway instead of adding to the pile.
MSTR stock is feeling it too, up over 10% in early trading Friday to $120, its highest level in two months.
To your question: is Saylor buying again? Not yet. Eight weeks and counting without a purchase. The stack just got saved by price action, not by more accumulation.
#Bitcoin #Strategy #Saylor #MSTR #Crypto
Strategy just flipped from a $13 billion unrealized loss to roughly $1.4 billion in unrealized profit, in about five weeks.
Back in July, when Bitcoin bottomed near $58,000, Strategy's 840,447 BTC stack was underwater by $13 billion, over 20% of its entire cost basis. Bitcoin has since ripped nearly 22% higher over five straight days, pushing past $77,000 and flipping the whole position green.
Here's the twist: Saylor didn't buy his way out of this. Strategy hasn't purchased a single Bitcoin in 8 straight weeks. During the depths of the drawdown, the company actually sold around 6,916 BTC while prices sat in the low-to-mid $60,000s, using proceeds to build its dollar reserve up to $4.8 billion, enough to cover 2.8 years of dividend obligations.
So this comeback isn't a fresh conviction bet. It's Bitcoin's rally doing the heavy lifting while Strategy plays defense, protecting its preferred stock obligations and cash runway instead of adding to the pile.
MSTR stock is feeling it too, up over 10% in early trading Friday to $120, its highest level in two months.
To your question: is Saylor buying again? Not yet. Eight weeks and counting without a purchase. The stack just got saved by price action, not by more accumulation.
#Bitcoin #Strategy #Saylor #MSTR #Crypto