Michael Saylor Does Not Purchase Bitcoin: $3.9 Billion Profit Announced

Michael Saylor's Strategy (formerly known as MicroStrategy) did not make any Bitcoin (BTC) purchases this week. The company announced an unrealized profit of 3.9 billion dollars for the third quarter. Known as the world's largest institutional Bitcoin investor, Strategy has notably not made any new purchases throughout the week.

Saylor stated in a message shared on X that "There are no new orange dots this week — just a reminder of why we HODL with a 9 billion dollar reminder." According to the 8-K report submitted to the U.S. Securities and Exchange Commission (SEC), Strategy did not make any additional Bitcoin purchases between September 29 and October 5. The company's total Bitcoin holdings remain at 640,031 BTC, valued at approximately 79 billion dollars.

The company's average purchase price is calculated at 73,983 dollars. At current prices, Strategy's position generates an approximate profit of 32 billion dollars. With 3.89 billion dollars in unrealized gains reported for the third quarter, the company also faced 1.12 billion dollars in deferred tax expenses. Strategy's digital assets have a balance sheet value of 73.21 billion dollars, while tax liabilities have been recorded at 7.43 billion dollars.

A recent announcement from the U.S. Treasury Department stated that companies would not have to pay taxes on unrealized gains from crypto assets. This situation positively reflected on Strategy stock prices. Saylor's "no new orange dots" statement emphasizes that there has been a pause in the company's Bitcoin purchases for the first time since April. Despite this development, Strategy shares (MSTR) rose by 2.5% at the beginning of the week.

Strategy continues to hold over 3% of the total Bitcoin supply, maintaining a clear lead over other institutional buyers. Along with firms such as Tether-backed Twenty One, Metaplanet, CleanSpark, and Coinbase, it retains its leading position.