Bitcoin market dominance remains with Strategy, Michael Saylor's former MicroStrategy

Latest data from Lookonchain reveals that as of February 2025, the company held 499,096 BTC. This Bitcoin cache is valued at approximately $40.9 billion.

Last December, reports surfaced that the U.S. Internal Revenue Code could be altered to impose a tax on unrealized gains. This new legislation, if passed, could have significant implications for cryptocurrency investors, especially those with substantial digital assets.

Now, a new analysis by crypto analytics firm Lookonchain has shed light on the potential impact of this tax rule change on Strategy, formerly known as MicroStrategy.

According to the latest data from Lookonchain, as of February 2025, Strategy is holding 499,096 BTC, which is valued at approximately $40.9 billion. The average purchase price for this Bitcoin reserve is $66,357.

Since November 2024, Strategy has bought 246,876 BTC at an average price of $94,035. However, these recent purchases are currently facing a paper loss of $3 billion.

According to the analysis, Strategy is still in the process of buying more BTC. Despite the recent downturn in Bitcoin’s market value, the company has been diligently adding to its reserves.

Earlier this month, Strategy completed a $2 billion convertible notes offering to further strengthen its financial position.

After this new funding, Strategy bought another 20,356 BTC for about $1.99 billion. This purchase also contributed to the company’s overall bitcoin acquisition in 2025.

As of February 23, 2025, Strategy has accumulated 499,096 BTC, purchased for around $33.1 billion at an average price of $66,357.

Even with the slowdown in acquisitions over the past few weeks, Strategy remains one of the largest corporate holders of bitcoin.