Strategy loses $4 million after Bitcoin purchase

Bitcoin treasury firm Strategy has acquired 850 BTC for nearly $100 million. The average price is just under $117,344, according to a press release published today, September 22.
However, because the Bitcoin price has recently fallen significantly, Strategy has already incurred a loss of four million US dollars on its latest purchase. Currently trading at just under 113,000 US dollars, the leading cryptocurrency is two percent below the previous week's level.
In total, the company now holds nearly 640,000 BTC. The average price for all BTC investments is $73,971.
Including fees and expenses, the total costs amounted to approximately $47 billion. The company generated book profits of almost $25 billion, so the small loss seems negligible.
While Michael Saylor's Strategy is the largest publicly traded BTC holder, it is no longer the only Bitcoin treasury firm in the global financial market. More and more public companies are developing a BTC strategy, including GameStop, Rumble, Twenty One, Nakamoto, and even the Paris Saint-Germain soccer club. A company in Germany is also investing in Bitcoin as part of its financial strategy: How a German company is emulating MicroStrategy.
Why Saylor is the biggest threat to Bitcoin – at least that’s what Prof. Co-Pierre Georg believes – you can hear here:

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