The company's position reflects a 45.6% gain from its aggregate cost basis of $74,000 per coin, demonstrating substantial unrealized profits despite recent market volatility.
Bitcoin News
Michael Saylor hinted at another potential Bitcoin purchase for Strategy through a Sunday post on X, sharing a chart from the Saylor Bitcoin Tracker. The post featured Strategy's cumulative Bitcoin acquisition history, accompanied by the statement that “The most important orange dot is always the next.”
The chart tracking 82 separate purchase events shows Strategy's holdings at 640,250 Bitcoin, currently valued at approximately $69 billion. The company's position reflects a 45.6% gain from its aggregate cost basis of $74,000 per coin, demonstrating substantial unrealized profits despite recent market volatility.
Saylor's cryptic message has fueled speculation among traders that an imminent Bitcoin purchase could be forthcoming. Past similar posts from the Strategy chairman have historically preceded buying announcements, creating a pattern that market observers closely monitor for investment signals.
According to BitcoinTreasuries.Net data, Strategy maintains its position as the world's dominant Bitcoin-holding corporation with holdings representing nearly 2.5% of Bitcoin's total supply. This surpasses the combined reserves of the top 15 public miners and corporate treasuries, cementing Strategy's leadership in corporate Bitcoin adoption.
MARA Holdings ranks second with 53,250 Bitcoin worth approximately $5.7 billion, followed by XXI in third place with 43,514 Bitcoin valued at $4.7 billion. Japan's Metaplanet holds fourth position with 30,823 Bitcoin, while the Bitcoin Standard Treasury Company rounds out the top five at 30,021 Bitcoin.
The top 15 public companies collectively hold over 900,000 Bitcoin, with several U.S.-listed firms including Riot Platforms, CleanSpark, Coinbase and Tesla maintaining substantial positions. This growing trend of corporate Bitcoin adoption continues to reshape the cryptocurrency landscape and institutional participation in digital assets.
Recent analysis from 10x Research revealed that Bitcoin treasury firms have experienced significant net asset value fluctuations. Metaplanet saw its enterprise value fall below the value of its Bitcoin holdings for the first time on Tuesday, with the company's market-to-Bitcoin NAV ratio dropping to 0.99.
The development indicates investors now value the firm at less than the worth of its underlying Bitcoin reserves. Despite these market dynamics, Strategy's consistent accumulation strategy and substantial holdings position it as a key player in the corporate Bitcoin treasury space.
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