Michael Saylor, co-founder and executive chairman of Strategy Inc., stated on Monday that the fair value gains from the Bitcoin (BTC) held by the company in the third quarter of this year reached as high as $3.9 billion.
Last Saturday, Bitcoin hit a historic high of $125,000, while exchange balances fell to their lowest level in six years. Saylor's Strategy, known for increasing its BTC reserves when Bitcoin prices reach new highs, announced that it would skip BTC purchases this week.
Saylor mentioned on X that the company would not be making new Bitcoin purchases this week, instead emphasizing its returns. "No new orange dots this week—just a reminder of $9 billion explaining why we HODL," Saylor said, sharing a chart where the orange dots represent the company's Bitcoin purchases.
According to Saylor's update, the company holds 640,031 BTC, with an average purchase price of less than $74,000 per coin. Based on Bitcoin's market price as of Sunday, these holdings are valued at approximately $79 billion.
According to the latest documents submitted by the company to the U.S. Securities and Exchange Commission (SEC), Strategy reported an unrealized gain of $3.89 billion on digital assets for the third quarter of 2025, while incurring $1.12 billion in deferred tax expenses.
Including the $5.8 billion gain after the quarter ended, the company's total gains exceed $9 billion, which is the figure Saylor referenced in his X post.
As of September 30, the company's book value of digital assets was $73.21 billion, with total deferred tax liabilities amounting to $7.43 billion. This update highlights the sharp increase in the value of the company's Bitcoin investments as cryptocurrency surpassed $125,000.
For years, this Strategy executive has maintained a reputation as one of the most steadfast corporate buyers of Bitcoin, often making new purchases at or near Bitcoin peaks.
His company's pause in purchases has not gone unnoticed by online crypto traders.
"Do you understand that buying at the peak is not very wise? Waiting for a pullback?" one X user replied to Saylor. Meanwhile, another X user suggested that everyone "needs to take a breather," including Saylor.
Despite the pause in purchases, Strategy's Bitcoin position remains highly profitable. According to BitcoinTreasuries.NET, the company's Bitcoin investments have overall risen by 68%, reflecting the strength of its long-term accumulation strategy.
Related: CleanSpark sells $48.7 million worth of Bitcoin, treasury holdings surpass 13,000 BTC in September
Original article: “Michael Saylor's Strategy Pauses Bitcoin Purchases, Reports $3.9B Gain on Holdings in Q3”
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