MicroStrategy and Strive Buy 1,065 Bitcoin: Can Saylor Keep Adding Below Cost?

MicroStrategy and Strive together purchased 1,065 Bitcoin, with MicroStrategy also spending more on its STRC preferred stock. The buying came as BTC traded below Michael Saylor's average cost basis of $75,456, meaning the company is adding to its position at a loss. Traders watch this as a signal of corporate conviction and a potential source of continued demand, though buying below cost raises questions about how long the strategy can be sustained.