Michael Saylor Hits 100 Bitcoin Buys—And He's Not Stopping Despite A $7 Billion Loss

Benzinga and Yahoo Finance LLC whitethorn gain committee oregon gross connected immoderate items done the links below.

Strategy (NASDAQ:MSTR) bought 592 Bitcoin (CRYPTO: BTC) for $39.8 cardinal marking its 100th acquisition announcement since August 2020, contempt sitting connected a $7 cardinal unrealized loss.

Strategy sold 297,940 shares of communal banal betwixt February 17-22, generating $39.7 cardinal successful nett proceeds.

The institution utilized the full magnitude to bargain 592 BTC astatine an mean terms of $67,286 per coin.

Total holdings present basal astatine 717,722 BTC acquired for $54.56 cardinal astatine an mean terms of $76,020 per coin.

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With Bitcoin trading conscionable supra $66,000, Strategy sits connected an unrealized nonaccomplishment of astir $10,000 per coin—approximately $7 cardinal total.

Executive Chairman Michael Saylor posted a cheeky announcement connected X, celebrating the 100th Bitcoin acquisition disclosure since the institution began accumulating successful August 2020.

The milestone underscores Saylor’s unwavering committedness to the strategy contempt mounting insubstantial losses.

Strategy retains important capital-raising capableness with $7.84 cardinal disposable nether its communal banal ATM installation and billions much crossed aggregate perpetual preferred banal series.

This suggests the buying volition proceed careless of Bitcoin’s terms trajectory.

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MSTR is down 3%, trading 47% beneath the 200 EMA astatine $240.97—an bonzer spread illustrating the collapse’s severity.

All EMAs stack acold overhead: 20 EMA astatine $136.24, 50 EMA astatine $157.59, 100 EMA astatine $197.26, and 200 EMA astatine $240.97.

The Supertrend astatine $150.09 remains firmly bearish.

A descending trendline from the $473 highest defines the downtrend, with MSTR accelerating beneath adjacent this bearish transmission successful caller capitulation.

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Critical enactment astatine $155-$165 was annihilated aft holding aggregate times successful December-January.

That erstwhile enactment present acts arsenic formidable resistance. The lone remaining method level sits astatine $105-$110, shown successful greenish astatine the bottom. MSTR concisely touched this level during capitulation earlier bouncing to existent levels.

Current terms sits lone 20% supra $105-$110 support. Today’s 3% diminution shows selling unit hasn’t relented.