Bitcoin24h $78,476.39+2.83%

Ethereum24h $2,313.56+2.33%

XRP24h $1.39+1.90%

BNB24h $621.42+1.03%

Solana24h $84.46+1.71%

TRON24h $0.3265+0.27%

Dogecoin24h $0.1096+2.99%

Hyperliquid24h $40.94+4.67%

UNUS SED LEO24h $10.35-0.07%

Cardano24h $0.2495+1.66%

Michael Saylor’s Strategy lost $1.2 billion buying bitcoin in Q1

Strategy has been responsible for the vast majority of bitcoin treasury company purchases and their money-losing buys.

Saylor continues to liken STRC to a money market as risks mount

Michael Saylor was happy to quote a CNBC TV news anchor who likened Strategy’s STRC to a money market fund.

After an initial 60% haircut on its market value, BTC-backed mortgages feature no further margin calls or collateral top-ups.

Strategy slashed its $20.33B STRK at-the-market offering on March 22 after selling just 5% of its 269.8M share goal.

Strategy founder Michael Saylor keeps announcing relatively expensive BTC buys near the top of each week’s trading range.