Bitcoin moved back above $62,000 on July 4, according to HTX market data, last trading at $62,084. As BTC rebounded, Strategy’s unrealized loss on its Bitcoin holdings narrowed to 17.93%, or roughly $11.5 billion. As of June 29, the company held a cumulative 847,363 BTC acquired at a total cost of $64.1 billion, implying an average purchase price of $75,651 per Bitcoin. The latest move in BTC has reduced the company’s mark-to-market pressure, although its aggregate position remains underwater at current market prices. The report highlights how sensitive Strategy’s balance-sheet exposure remains to spot Bitcoin fluctuations, given the scale of its holdings and elevated average cost basis.
BTC Rises Above $62,000, Reducing Strategy’s Paper Loss
According to HTX market data cited by BlockBeats on July 4, Bitcoin rebounded above the $62,000 level and was last quoted at $62,084. The price recovery has helped reduce the mark-to-market pressure on Strategy’s Bitcoin position.
Based on the latest market price, Strategy’s unrealized loss on its Bitcoin holdings has narrowed to 17.93%, equivalent to about $11.5 billion. This indicates that the company’s paper loss has eased as BTC recovered from lower recent levels.
Current Holdings and Cost Basis
As of June 29, Strategy held a cumulative 847,363 BTC. The company’s total acquisition cost stood at $64.1 billion, with an average holding cost of $75,651 per Bitcoin.
At the current quoted market price of $62,084, the position remains underwater overall. Even so, the rebound in Bitcoin has narrowed the gap between spot price and Strategy’s aggregate cost basis, reducing the size of its unrealized loss compared with weaker market conditions.
Source: BlockBeats, with market pricing referenced from HTX. Original report: https://m.theblockbeats.info/flash/354527
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