Strategy’s Boss Hints at New Bitcoin Accumulation as Unrealized Loss Tops $3.4 Billion

CN
3 hours ago

It appears Strategy is poised to disclose another bitcoin (BTC) purchase on Monday morning, assuming Saylor follows his well-worn routine. On Sundays, Saylor typically posts an image of Strategy’s bitcoin acquisition tracker and teases the firm’s most recent buy, which is customarily unveiled on Monday mornings around 8 a.m. Eastern time.

Saylor wrote on X around 8:16 a.m. on Sunday morning:

“Orange Dots Matter.”

Strategy’s current cache of 713,502 BTC was accumulated at a cost of $54.26 billion and, as of Sunday, Feb. 8, is valued at $50.83 billion—translating to an unrealized loss of roughly $3.43 billion. Data from Artemis Terminal indicates that Strategy is far from alone, with several digital asset treasury (DAT) firms currently holding crypto positions below their acquisition costs.

Unrealized profit and loss (P&L) figures from the analytics platform show 22 distinct DATs collectively sitting $21.65 billion in the red today. Bitmine and Strategy account for the largest deficits, with Strategy down $3.43 billion and Bitmine posting losses of $7.8 billion. Within that group, the top ten DATs are lower by $19.72 billion, while the remaining 12 account for $1.93 billion in losses.

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Meanwhile, a purchase executed below Strategy’s cost basis could pull down the firm’s overall average under its dollar-cost averaging ( DCA) approach. That outcome could be advantageous by design. If confirmed, the move would align with Strategy’s long-standing playbook of leaning into DCA no matter the price rather than retreating from it. For Saylor, another set of “orange dots” would signal continuity, not caution, reinforcing a thesis built on accumulation over optics.

  • What did Michael Saylor signal on Sunday? Saylor hinted on X that Strategy may have added more bitcoin ahead of its customary Monday morning disclosure.
  • When does Strategy typically announce bitcoin purchases? The company usually reveals new bitcoin buys on Mondays around 8 a.m. Eastern time.
  • Is Strategy currently underwater on its bitcoin holdings? Yes, as of Feb. 8, Strategy’s bitcoin position shows an unrealized loss of about $3.43 billion.
  • Why would Strategy buy bitcoin below its cost basis? Purchasing at lower prices can reduce the firm’s average acquisition cost under its dollar-cost averaging strategy.

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