Strategy’s Bitcoin Holdings Were Worth $500 Million Less Than Cost

Strategy’s 849,327 Bitcoin (BTC) holdings were worth about $63.58 billion on Sunday, roughly $500 million below their aggregate purchase cost based on the company’s Nov. 1 holdings figure. The holdings were valued at about $63.58 billion, compared with $64.08 billion in cumulative acquisition cost. The roughly $500 million difference is an estimate based on the Sunday valuation, holdings and aggregate cost. Strategy’s holdings stood at 849,327 BTC as of Nov. 1 after it bought 811 BTC for $65.5 million during the week ended that day, at an average price of $80,846 per coin. Its purchase and holdings update listed the reserve’s total cost and average purchase price.

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