Strategy Inc. (MSTR) expanded its bitcoin holdings in early April, purchasing 4,871 BTC for approximately $329.9 million as the firm continues to double down on its balance-sheet strategy despite significant unrealized losses.

The company disclosed Monday that the purchases were made between April 1 and April 5 at an average price of $67,718 per bitcoin. The latest accumulation brings Strategy’s total holdings to 766,970 BTC, acquired for roughly $58.02 billion at an average cost basis of $75,644 per coin.

At recent prices near $69,500, the firm remains underwater on its aggregate position, reflecting the continued gap between market value and acquisition cost.

To fund…

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