Strategy’s share price has taken a beating this year, but its Bitcoin hoard remains in the black and still changes the long-term picture for investors.

Strategy Bitcoin Holdings Still In Profit

According to BitcoinTreasuries.NET and company disclosures, Strategy bought its Bitcoin at an average cost of $74,430 per coin. With Bitcoin trading around $86,000, that basket is still up roughly 16% on paper.

The firm stepped up its buys on Nov. 17, adding 8,178 BTC for $836 million. Michael Saylor, Strategy chairman, said “I won’t back down.” That move pushed its total to 649,870 BTC, a stash currently worth nearly $56 billion. Short-term swings have hit the stock hard, but the crypto holding itself is not the same as the equity price.

I Won’t ₿ack Down

— Michael Saylor (@saylor) Nove

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