According to the data provided by the company itself, on April 13, there were 531,644 bitcoins on the balance (almost 2.52% of the entire current issue of the asset). Strategy spent a total of approximately $35.92 billion on the purchase of coins with an average price of $67,556 per 1 BTC.

The company primarily finances its Bitcoin purchases by issuing convertible bonds with a low or zero coupon rate. These can be exchanged for Strategy shares (ticker MSTR). The funds raised are used to purchase more of the first cryptocurrency.

This model is effective when Bitcoin quotes grow, as it allows you to attract funds on favorable terms. The key risk of the model is a rapid and prolonged fall in the cryptocurrency rate, which can reduce investor interest in MSTR shares and complicate the placement of new bonds.

Strategy previously announced unrealized losses of $5.91 billion, caused by a decline in the price of bitcoin amid falling global financial markets and fears of a recession in the United States.