Strategy Q3 Bitcoin Gains Reach $3.9B; No Weekly Buys Since April
Strategy (MSTR) reported a $3.9 billion gain on its bitcoin holdings for the third quarter.
The company did not add to its 640,000 BTC stack last week, marking the first pause since April.
Average purchase price of their BTC holdings is $73,983 per coin.
With Bitcoin's current price around $124,000, Strategy's holdings are valued at approximately $78.7 billion, resulting in $31.4 billion in unrealized gains.
Financial Update Highlights
For the quarter ending September 30, Strategy announced an unrealized gain of $3.89 billion in digital assets and a deferred tax expense of $1.12 billion.
As of September 30, the digital asset carrying value was $73.21 billion with a deferred tax liability of $7.43 billion.
MSTR shares increased by 2.5% in premarket trading, reflecting Bitcoin's weekend gains to $124,500.
