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<p style="text-align: justify">Strategy is set to announce its third-quarter financial results after the US market closes on Thursday, with its bitcoin position now sitting just 6% above the average purchase price. This narrow cushion marks a significant shift for the company, which remains the world’s largest corporate bitcoin holder.</p>
<h2 id="bitcoin-exposure-narrows">Bitcoin exposure narrows</h2>
<p style="text-align: justify">Strategy currently holds 848,517 BTC, according to a filing dated October 26. The company acquired this massive stake at an average cost of $75,446 per bitcoin. With bitcoin prices hovering near $80,000, the total value of Strategy’s holdings is estimated around $68 billion, giving the company a paper gain of approximately $4 billion relative to the $64 billion it invested.</p>
<p style="text-align: justify">Conditions have turned less favorable in the fourth quarter. An October 5 filing from Strategy valued its bitcoin at around $83,500 per coin at the end of September. Since then, bitcoin’s price drop has resulted in an unrealized loss of about $3 billion, even as two months remain in the current quarter.</p>
<h2 id="tax-offset-and-profit-impact">Tax offset and profit impact</h2>
<p style="text-align: justify">Tax accounting also played a pivotal role in the third quarter results. In June, when bitcoin traded below Strategy’s average purchase price, the company wrote off a $4.12 billion tax asset that could have been used to offset future taxes. As bitcoin prices recovered, Strategy reinstated this tax credit in the third quarter, adding roughly $4 billion to reported profit.</p>
<p style="text-align: justify">Analysts estimate that if bitcoin falls below $75,446, the value at which the company bought its coins, the tax credit would begin to reappear on the balance sheet. Should the price drop toward $58,500, the entire $4 billion credit would be reinstated.</p>
<blockquote>
 <p style="text-align: justify">Strategy’s filing indicated that the company added back the $4.12 billion tax asset in the third quarter, boosting profit figures as bitcoin traded above the average purchase price.</p>
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<h2 id="etf-impact-and-recent-moves">ETF impact and recent moves</h2>
<p style="text-align: justify">Meanwhile, investors in US spot bitcoin ETFs are starting to feel the pressure. Glassnode calculates that the average purchase price for these ETF investors is about $81,500, placing them nearly 2% in the red given current market prices.</p>
<p style="text-align: justify">Over the past week leading up to October 25, Strategy did not increase its bitcoin holdings. The company chose instead to deploy its available funds for a share buyback program focusing on its STRC preferred shares.</p>
<p style="text-align: justify">With bitcoin’s price showing volatility near Strategy’s average acquisition cost, many institutional and retail investors are closely watching for signs of deeper losses or a potential rebound.</p>
<p style="text-align: justify">Given the current uncertainty surrounding large single-holder moves and ETF performance, keeping a close eye on live bitcoin price levels is crucial. <a href="https://lk.software/cryptoappsy/" rel="noopener noreferrer nofollow">CryptoAppsy</a>’s real-time price alerts can help investors track bitcoin’s fluctuations directly referenced in this quarter’s filings, ensuring timely awareness of any shifts that might impact major holdings or ETF positions.</p>
<p>The post <a href="https://en.coin-turk.com/strategys-bitcoin-holding-shrinks-to-6yuzde-gain-as-q3-earnings-approach/" rel="noopener noreferrer nofollow">Strategy’s bitcoin holding shrinks to 6% gain as Q3 earnings approach</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Strategy’s bitcoin holding shrinks to 6% gain as Q3 earnings approach

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