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Saylor’s Strategy Gains $9 Billion, Skips New Bitcoin Purchase

Key Takeaways

  • Michael Saylor's ​Strategy Inc. chose not to buy more Bitcoin after seeing a $3.9 billion gain in the third quarter;
  • Saylor highlighted a $9B total increase in Bitcoin value, and opted to showcase growth over making new purchases;
  • The firm holds 640,031 BTC, worth nearly $79 billion, bought at an average price below $74,000.

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Saylor’s Strategy Gains $9 Billion, Skips New Bitcoin Purchase

Strategy Inc., led by executive chairman Michael Saylor, announced on October 6 that the company will not be adding more Bitcoin BTC $125,357.37 to its holdings.

The decision comes after the firm recorded an increase in the value of its Bitcoin assets during the third quarter.

Saylor shared in a post on X that the company gained approximately $3.9 billion in value from its Bitcoin during Q3. Instead of focusing on a new purchase, he chose to emphasize the overall performance of the investment.

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In his post, he referred to a visual showing previous Bitcoin acquisitions. He stated:

No new orange dots this week, just a $9 billion reminder of why we HODL.

Over time, Strategy Inc. has accumulated 640,031 BTC, with an average purchase cost under $74,000 per BTC. Based on market conditions as of October 5, the total value of the company's holdings was estimated to be close to $79 billion.

The firm’s recent filing with the US Securities and Exchange Commission (SEC) confirmed the $3.89 billion in unrealized gains for Q3. It also noted a deferred tax expense of $1.12 billion.

When accounting for a further $5.8 billion in gains after the quarter ended, the company’s total increase in value crossed the $9 billion mark.

On September 23, Saylor shared his thoughts on Bitcoin’s growth through the end of 2025. What did he say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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