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Strategy Bitcoin Position Reaches Break-Even Level

Published by
Sohrab Khawas

Strategy formerly MicroStrategy has reached a breakeven zone on its huge Bitcoin position as its average buy price of about $75577 per coin is now almost equal to current trading levels near $75500 to $75800. The company holds 780897 BTC valued at roughly 59 billion dollars and remains the largest corporate Bitcoin holder, controlling about 3.7% of the total supply. Under Michael Saylor, the firm built this position through heavy debt and equity financing while continuing consistent accumulation through market ups and downs.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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