Strategy Buys Another 7,390 Bitcoin: How Much Profit Is The Firm Holding Now?

Source Bitcoinist

Strategy has just announced its brand new Bitcoin purchase. Here’s how the profit-loss situation of the firm’s holdings looks now.

Strategy Has Made A New Bitcoin Acquisition Worth $764 Million

In a new post on X, Strategy Chairman Michael Saylor has shared the announcement related to the latest Bitcoin purchase by the company. With this new buy, the firm has added another 7,390 BTC to its holdings.

These tokens were purchased at a price of about $103,498 per coin or approximately $764.9 million in total. This is the third acquisition that the company has made in this month of May and it’s far larger than the $180 million first buy, but significantly falls behind the $1.34 billion second purchase.

Following this acquisition, Strategy now holds about 576,230 BTC. The company has spent a total of $40.18 billion on its BTC purchases, which comes down to about $69,726 per coin. This value is clearly significant under the current spot price, so the firm’s holdings would be in notable profit.

CryptoQuant community analyst Maartunn has shared a chart in an X post that shows exactly how much profit Strategy is in at the moment.

Strategy Bitcoin Holdings

As displayed in the above graph, Strategy has naturally seen its unrealized gain spike alongside the latest surge in the cryptocurrency’s price. The firm’s Bitcoin stack is now sitting on a whopping $21.1 billion in profit.

From the chart, it’s visible that the company’s holdings have remained in the green since late 2023, being unshaken by any volatility that BTC has faced during the past year. Naturally, if the current BTC rally is going to last, then Strategy should maintain its greenness in the near term.

As for whether the run can actually sustain, an indicator that can provide hints about it is the Relative Strength Index (RSI). As analyst Ali Martinez has explained in an X post, the daily value of the metric has surged into the overbought territory recently.

Bitcoin RSI

The RSI is a metric that basically measures the speed and magnitude of the changes happening in any asset’s price over a given period. In the current case, the period is the 14-day one.

When the indicator’s value is greater than 70, it can be a sign that Bitcoin is becoming overpriced. On the other hand, it being under 30 implies underbought conditions.

As is apparent from the chart, the Bitcoin RSI fell out of the overbought region earlier, but now, it has made a return to it. As such, if the indicator is anything to go by, it’s possible that BTC could encounter turbulence in the coming days.

BTC Price

Bitcoin has gone through a rollercoaster over the past day with its price witnessing sharp swings in either direction, with the latest one taking it to $105,200.

Bitcoin Price Chart

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold price seems vulnerable above $3,200 amid possible Russia-Ukraine ceasefireGold price meets with a fresh supply during the Asian session on Tuesday and reverses the previous day's move higher on the back of the upbeat market mood.
Author  FXStreet
13 hours ago
Gold price meets with a fresh supply during the Asian session on Tuesday and reverses the previous day's move higher on the back of the upbeat market mood.
placeholder
Bitcoin’s Fate May Be Sealed On June 9, Analyst WarnsBitcoin spent the European trading hours changing hands near $103,000 after Sunday night’s failed attempt to clear $107,100. The pull-back has done little to dent the conviction of market
Author  NewsBTC
13 hours ago
Bitcoin spent the European trading hours changing hands near $103,000 after Sunday night’s failed attempt to clear $107,100. The pull-back has done little to dent the conviction of market
placeholder
Solana (SOL) Holds Ground in Tight Range — Traders Watch for Directional CueSolana started a fresh increase from the $160 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh increase above the $165 level
Author  NewsBTC
13 hours ago
Solana started a fresh increase from the $160 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh increase above the $165 level
placeholder
EUR/USD Price Forecast: Tests descending channel’s upper boundary near 1.1250EUR/USD remains steady after registering more than 0.50% gains in the previous session, trading around 1.1240 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a bearish bias is in play, as the pair continues to trade lower within a descending channel pattern.
Author  FXStreet
13 hours ago
EUR/USD remains steady after registering more than 0.50% gains in the previous session, trading around 1.1240 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a bearish bias is in play, as the pair continues to trade lower within a descending channel pattern.
placeholder
US Dollar Index (DXY) consolidates around 100.35 area, close to over one-week lowThe US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, oscillates in a range around the 100.35 area through the Asian session on Tuesday and remains close to over a one-week low touched the previous day.
Author  FXStreet
13 hours ago
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, oscillates in a range around the 100.35 area through the Asian session on Tuesday and remains close to over a one-week low touched the previous day.
goTop
quote