news 
Strategy on Cusp of Losing All Its Bitcoin Gains
According to recent market developments, business intelligence firm Strategy is perilously close to losing a substantial portion of its Bitcoin (BTC) profits. Despite the significant unrealized profit it has accumulated from holding 528,185 BTC units, the company’s average purchase price now stands at $67,458.
As the digital gold rush continues, the current market conditions have pushed Strategy’s total holdings down by around 13% since its most recent $2 billion buy on March 31. The drop in value has left Strategy just shy of losing all its BTC gains.
Michael Saylor, the CEO and founder of Strategy, has repeatedly emphasized his commitment to holding onto his Bitcoin stash rather than selling even a fraction of it. This stance has led some investors to question the long-term viability of his strategy amid increasingly volatile market conditions.
In an earlier statement, Saylor highlighted that he is willing to weather any short-term market downturns, citing his conviction in the fundamental value proposition of cryptocurrencies like Bitcoin. Despite this, his company’s holdings are now perilously close to losing all their previously accumulated gains.
**Note:** Please keep in mind that you should always perform your own research prior to making investment decisions.
Source: https://u.today/strategy-on-cusp-of-losing-all-its-bitcoin-gains
