Key Takeaways
- Strategy halted bitcoin purchases for the first time since April, holding at 597,325 BTC.
- Q2 filings show an unrealized gain of $14.05 billion and a deferred tax expense of $4.04 billion.
- Analysts are split on the firm's valuation premium and ongoing aggressive bitcoin acquisition plans.
Strategy, the bitcoin treasury firm formerly known as MicroStrategy, paused its bitcoin buying spree between June 30 and July 6, marking its first break from acquisitions since early April.
Current holdings
The company disclosed in an SEC filing that its total bitcoin holdings remain at 597,325 BTC, valued at over $65 billion at current prices.
This positions Strategy as the largest public corporate holder of bitcoin, with its stash representing more than 2.8% of the total 21 million bitcoin supply.
Detailed records of Strategy’s historical and current bitcoin holdings can be found in the MicroStrategy bitcoin holdings tracker.
Strategy’s average purchase price stands at $70,982 per bitcoin, with a total investment of approximately $42.4 billion, including fees.
The firm’s executive chairman, Michael Saylor, hinted at the pause, stating:
“Some weeks you just need to HODL.”
Current gains
Strategy reported an unrealized gain of $14.05 billion on its digital assets for Q2, along with a deferred tax expense of $4.04 billion.
As of June 30, the carrying value of its digital assets stood at $64.36 billion, with a related deferred tax liability of $6.31 billion.
The company also secured a loan agreement for up to $31.1 million to fund a capital asset purchase.
