Strategy resumes Bitcoin purchase, adding $330M after 14.5B unrealized loss in Q1

Strategy resumed buying Bitcoin last week, acquiring 4,871 BTC for about $330 million, bringing total holdings to around 767,000 BTC valued at $53 billion.

The purchases were funded through proceeds from the company’s ongoing at-the-market share program, which raised approximately $175 million in the first five days of April from sales of STRC and MSTR stock.

For the first quarter, Strategy recorded an unrealized loss on digital assets of $14.5 billion with a $2.4 billion deferred tax benefit, while digital assets are carried at approximately $52 billion with a $1.7 billion deferred tax asset fully reserved.

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Source: https://cryptobriefing.com/strategy-resumes-bitcoin-purchase-330m/