Strategy’s Bitcoin Position Swings $21.5B in Less Than 3 Months
Sooo… the company bought another 950 BTC last week at an average price of $79,670. It now holds 846,000 BTC with an average acquisition cost of $75,416.
• Total holdings: 846,000 BTC
• Average cost: $75,416 per BTC
• Current unrealized gain: $8.21B
Less than three months ago, the same position was sitting on an unrealized loss of $13.26B.
That marks a swing of roughly $21.47B in paper profits as Bitcoin recovered.
Hmm… well BitMine’s ETH position also improved significantly, reducing its unrealized loss from $10.4B to $3.67B over the same period.
A reminder of how quickly fortunes can change when balance sheets become heavily tied to crypto prices.
$FORM $PHA #cryptofirst21
Sooo… the company bought another 950 BTC last week at an average price of $79,670. It now holds 846,000 BTC with an average acquisition cost of $75,416.
• Total holdings: 846,000 BTC
• Average cost: $75,416 per BTC
• Current unrealized gain: $8.21B
Less than three months ago, the same position was sitting on an unrealized loss of $13.26B.
That marks a swing of roughly $21.47B in paper profits as Bitcoin recovered.
Hmm… well BitMine’s ETH position also improved significantly, reducing its unrealized loss from $10.4B to $3.67B over the same period.
A reminder of how quickly fortunes can change when balance sheets become heavily tied to crypto prices.
$FORM $PHA #cryptofirst21
