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Strategy Estimates a $20.9 Billion Q3 Bitcoin Gain, Reversing Its Second-Quarter Loss
The result reflected fair-value accounting as bitcoin rose 43% in the quarter, and Strategy also bought 334 BTC and repurchased $176 million of preferred stock.
The price increase in the third quarter brings Strategy a book gain of 21 billion US dollars. Bitmine also further expands its stocks and approaches its own target. Source: BTC-ECHO BTC-ECHO
Strategy reported that it raised its holdings to BTC 848,000 after purchasing 334 coins for USD $28.7 million, while allocating USD $176.3 million to repurchase preferential shares STRC. The report also attributed to Bitcoin’s appreciation a fair value gain of USD $20.910 million during the third quarter.