PANews reported on February 19th that Arkham, an on-chain data platform, published an article on its X platform stating that Bitcoin treasury company Strategy has purchased approximately $54.52 billion worth of Bitcoin over the past five and a half years, with an average purchase price of approximately $76,027. Based on current prices, Bitcoin is now trading at approximately 12.4% below its average cost basis, corresponding to an unrealized paper loss of approximately $6.7 billion. Market analysts believe that Michael Saylor's long-term adherence to a dollar-cost averaging strategy, along with his cost basis and floating profit/loss, is often considered an important indicator for institutional Bitcoin allocation.