Saylor pauses Bitcoin buys as Strategy posts $3.9B Q3 gain
Strategy’s Bitcoin bet swelled by $3.9 billion in unrealized gains last quarter, even as Michael Saylor broke tradition by skipping a fresh BTC purchase.
Strategy Inc. co-founder and executive chairman Michael Saylor said Monday that the company had a massive $3.9 billion fair value gain on its Bitcoin holdings during the third quarter of the year.
On Saturday, Bitcoin (BTC) reached a new all-time high of $125,000 as exchange balances plunged to six-year lows. Saylor’s Strategy, a company known for adding to its Bitcoin stockpile during new price highs, said that it is skipping its BTC purchase this week.
On X, Saylor said that instead of a new Bitcoin buy, the company is highlighting its returns. “No new orange dots this week — just a $9 billion reminder of why we HODL,” Saylor said, sharing a chart where orange dots represented the company’s Bitcoin buys.