Strategy’s Bitcoin Gain Tops $8 Billion After Swinging From a $10 Billion Paper Loss
Minseung Kang
Summary
- Bitcoin climbed above $85,000, pushing Strategy’s unrealized gain on its Bitcoin holdings past $8 billion.
- Strategy holds 845,050 BTC at an average purchase price of $75,412.
- The company at one point recorded an unrealized loss of $10 billion during the latest downturn, but a recent rebound in Bitcoin pushed it back into profit.
Bitcoin’s rise above $85,000 has pushed Strategy’s unrealized gain on its Bitcoin holdings past $8 billion.
BlockBeats, a crypto-focused media outlet, reported on September 21 that Strategy currently holds 845,050 BTC at an average purchase price of $75,412.
With Bitcoin trading above $85,000, the unrealized gain on Strategy’s Bitcoin holdings expanded to $8.072 billion.
During the latest market downturn, Strategy’s unrealized loss on those holdings at one point reached $10 billion. A recent rebound in Bitcoin has since turned the position back to a profit.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.