Strategy Estimated $20.91 Billion Digital Asset Gain for Third Quarter

Strategy estimated a $20.91 billion gain on digital assets for the third quarter, ahead of the company’s scheduled release of full results on Oct. 29. The estimate covers the three months ended Sept. 30 and includes $1.88 billion in associated deferred tax expense. The company estimated that its digital assets had a carrying value of $70.82 billion as of Sept. 30. It held 847,666 Bitcoin (BTC) at that date. Management prepared the estimates. KPMG had not audited or reviewed them, and the company’s full third-quarter results remain pending. Strategy plans to release those results after U.S. markets close Oct. 29.

Source: TokenPost