Strategy Erases Bitcoin Paper Losses as BTC Tops $75,385 Average Purchase Price
Minseung Kang
Bitcoin's rise above $75,000 has erased all unrealized losses on Strategy's Bitcoin holdings.
Crypto-focused media outlet BlockBeats reported on Aug. 21 that Bitcoin had broken decisively above $75,000 and was trading near $75,500.
That pushed Strategy's holdings above the company's average Bitcoin purchase price of $75,385.
As Bitcoin previously declined, Strategy's unrealized loss on its Bitcoin holdings had at one point exceeded $10 billion.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.