A closer look at “Bitcoin Holds Near $80,000 as Strategy's Unrealized Gains Narrow Ahead of Q3 Earnings”, exactly as the source publishes it. Bitcoin traded around $80,000 on Tuesday, down nearly 2% in the last 24 hours, as market participants awaited third-quarter earnings from Strategy (formerly MicroStrategy), the largest corporate holder of the cryptocurrency. The company's bitcoin holdings, acquired at an average cost of about $66,00 The company's bitcoin holdings, acquired at an average cost of about $66,000 per coin, are now worth only about 6% more than the purchase price, a sharp decline from the paper profits seen earlier this year.
This narrowing cushion could pressure Strategy's balance sheet if bitcoin prices fall further, given the company's heavy reliance on debt and equity issuance to fund its bitcoin acquisitions. Investors are closely watching whether Strategy will continue its aggressive buying strategy or slow down amid volatile market conditions. The full version stays on the original page, which this listing opens directly.