The software firm that has turned the Bitcoin Behemoth strategy remains $ 7.8 billion in Bitcoin’s handling revenue despite the recent cryptocurrency collapse to $ 80,000.
On March 10, the Bitcoin (Btc) l recorded lARGEST WEEKSshedding more value over the past seven days than at any time in its trading history. Cointelegraph Markets Pro Data shows that the BTC went from $ 93,379 on March 3 to the low $ 80,610 on March 10, a 13.6% collapse in Bitcoin prices a week. At the time of writing, Bitcoin recovered slightly to trade for about $ 82,000.
Despite the collapse of the market, Michael Saylor’s approach remained early on BTC purchases. The company is held 499,096 BTC, bought on average $ 66,423 per token. In total, the approach spends $ 33.1 billion on Bitcoin purchases, while its holdings now cost $ 41.2 billion – a 24% unlucky benefit even in the middle of the correction.
Bitcoin investments of approach feature the importance of The average dollar cost Investment tactics. Instead of buying a large sum, the company divided BTC purchases at different times and continued to buy tokens despite prices.
Not all companies investing in BTC are up
While the Bitcoin’s handling of the approach remains in green, other companies that have recently entered the Bitcoin market have seen losses.
According to At Bitcoin Holdings tracker Bitcointreasuries.net, Healthcare Tech and software firm Semler Scientific, which began to hold BTC on May 28, dropped 6.25% in its purchases.
The company holds 3,192 BTCs purchased at an average price of $ 87,850. This means that the BTC it bought with over $ 280 million only costs around $ 262 million.
Related: Michael Saylor pushed us to buy up to 25% of Bitcoin’s supply
The metaplanet, called the “Asian approach,” has slightly dropped its handles in Bitcoin. The company began to add Bitcoin to its balance in April 2023, the copying strategy playbook.
Metaplanet holds 2,888 purchased at an average price of $ 83,049. It dropped over $ 2 million, almost 1%, in Bitcoin investments.
According to To blockchain analytics firm lookonchain, the strategy has spent $ 23 billion on Bitcoin purchases since November 2024. However, in recent price collapse, the BTC obtained during this time only costs nearly $ 20 billion, indicating an uncertain loss of more than $ 3 billion in recent acquisitions.
Bitcoin purchase of approach from November 2024. Source: Lookonchain
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