Strategy Swings Back to $8B Unrealized Profit as Bitcoin Tops $85K
- —846,000 BTC acquired for $63.8 billion at an average of $75,416 per coin
- —Holdings worth about $72 billion at $85,000 BTC, implying $8 billion in paper gains
- —Second-quarter net loss of $8.2 billion driven by unrealized BTC losses
- —Bought 950 BTC for $75.7 million between Sept. 14 and Sept. 20 at $79,670 each
Why it matters: The swing back to profit is unrealized: a drop below Strategy's $75,416 average cost would put the position underwater again.
Source: Yahoo Finance Crypto