Bitcoin Snapshot Shows $80,111.58 Ahead of Strategy’s Q3 Results

Bitcoin (BTC) was listed at $80,111.58 at 6:41 a.m. ET Thursday (10:41 UTC), ahead of Strategy’s scheduled third-quarter results after the U.S. market close. Strategy held 848,517 BTC as of Oct. 25. Its reported average acquisition cost was $75,446 per coin, with total purchase costs of $64.02 billion. Strategy also scheduled a webinar for 5 p.m. ET Thursday. Its Oct. 5 estimate put the gain on digital assets for the quarter ended Sept. 30 at $20.91 billion, with $1.88 billion in related deferred tax expense. The estimate was prepared by management and had not undergone an audit or review by Strategy’s independent auditor. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.