MicroStrategy Signals Fresh Bitcoin Buying as Paper Loss Swells to $14.5 Billion

Michael Saylor said Strategy is gearing up for another round of Bitcoin purchases, pairing the update with a cryptic post urging investors to "think bigger." Strategy now holds 766,970 Bitcoin. With an average cost basis of $75,644 per coin, the position is sitting on an unrealized loss of about $14.5 billion. The company has been funding its accumulation with STRC preferred shares. The structure implies an annualized return requirement of roughly 2.05% to cover dividend payments. The approach could come under pressure if Bitcoin trades sideways or declines over an extended period.