Strategy’s bitcoin holding shrinks to 6% gain as Q3 earnings approach

Strategy is set to announce its third-quarter financial results after the US market closes on Thursday, with its bitcoin position now sitting just 6% above the average purchase price. This narrow cushion marks a significant shift for the company, which remains the world’s largest corporate bitcoin holder. Strategy currently holds 848,517 BTC, according to a filing dated October 26. The company acquired this massive stake at an average cost of $75,446 per bitcoin. With bitcoin prices hovering near $80,000, the total value of Strategy’s holdings is estimated around $68 billion, giving the company a paper gain of approximately $4 billion relative to the $64 billion it invested. Conditions have turned less favorable in the fourth quarter.

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