💼 Strategy on the brink of its cost basis: 848K Bitcoin — with just a 2% margin
$BTC The world’s largest corporate Bitcoin holder is nearing its break-even point: Strategy holds 848,517 Bitcoin at an average cost of $75,446 per coin, while the current price is around $77,000 — leaving a margin of just about 2%, or $1,542 per coin.
📌 Figures from the third-quarter results:
• Total cost: $64.02 billion — the carrying value when results were filed was $68.90 billion, based on a price of $81,200 (October 23)
• Today, the value is around $65.33 billion — meaning about $3.5 billion in paper value has evaporated in a week
• Reported third-quarter profit: $20.91 billion — but most of it was paper profit tied to Bitcoin’s price at the time of valuation
🔢 The number that changed the story: $75,446
The takeaway in one line: Strategy’s cost basis has become a psychological line for the entire market — above it, the story is “companies are making money”; below it, the story flips to “the world’s largest holder is underwater.”
This isn’t an analysis of the company’s stock or a recommendation — it’s just a price level everyone is watching, because it brings the institutional story and the price story together in one place.
Quick question: Do you think $75,446 is a real psychological support level or just a number? Write “support” or “just a number.”
Source: Strategy’s third-quarter results (SEC), CoinGecko — October 31, 2026
#البيتكوين #Strategy
$BTC The world’s largest corporate Bitcoin holder is nearing its break-even point: Strategy holds 848,517 Bitcoin at an average cost of $75,446 per coin, while the current price is around $77,000 — leaving a margin of just about 2%, or $1,542 per coin.
📌 Figures from the third-quarter results:
• Total cost: $64.02 billion — the carrying value when results were filed was $68.90 billion, based on a price of $81,200 (October 23)
• Today, the value is around $65.33 billion — meaning about $3.5 billion in paper value has evaporated in a week
• Reported third-quarter profit: $20.91 billion — but most of it was paper profit tied to Bitcoin’s price at the time of valuation
🔢 The number that changed the story: $75,446
The takeaway in one line: Strategy’s cost basis has become a psychological line for the entire market — above it, the story is “companies are making money”; below it, the story flips to “the world’s largest holder is underwater.”
This isn’t an analysis of the company’s stock or a recommendation — it’s just a price level everyone is watching, because it brings the institutional story and the price story together in one place.
Quick question: Do you think $75,446 is a real psychological support level or just a number? Write “support” or “just a number.”
Source: Strategy’s third-quarter results (SEC), CoinGecko — October 31, 2026
#البيتكوين #Strategy
