Strategy holds $4 billion Bitcoin profit as ETF investors face losses

Strategy, the enterprise software firm known previously as MicroStrategy, is set to announce its third-quarter results after US markets close on Thursday. The company currently holds a significant Bitcoin position that stands only about 6% above its average acquisition cost, based on prevailing market prices. According to Strategy’s announcement dated October 26, the firm controls 848,517 BTC acquired at an average price of $75,446 per Bitcoin. With Bitcoin recently trading around $80,000, the total value of Strategy’s holdings is approximately $68 billion.

Source: CoinTurk News