Strategy Made $3.9 Billion In Bitcoin Gains Last Quarter

"Strategy, the world's largest corporate holder of Bitcoin, reported $3.9 billion in fair value gains for the third quarter, according to a company press release. Strategy holds roughly 640,000 Bitcoin, with an average purchase price of $73,983 per coin. At current prices near $124,500, its holdings are valued at approximately $78.7 billion, representing unrealized gains of about $31.4 billion."

""For every $10,000 change in BTC price, we generate $6 billion in unrealized gains on our BTC holdings," noted Chaitanya Jain, a Bitcoin Strategist at Strategy. The company has also issued several types of preferred shares this year to access additional funding beyond convertible debt and common stock. Three of these preferred share classes carry an annualized dividend rate of 10%."

"All this comes as Bitcoin surged past short-term resistance last week, entering a "blue sky breakout" as bulls regained control and pushed the price to a record weekly close of $123,515. With no prior highs to guide resistance, technical analysis suggests potential barriers at $131,000, $135,000, and $140,000."

Strategy reported $3.9 billion in fair value gains for the third quarter. Strategy holds roughly 640,000 Bitcoin at an average purchase price of $73,983 per coin, and at prices near $124,500 the holdings are valued at about $78.7 billion, creating approximately $31.4 billion in unrealized gains. Every $10,000 change in BTC price produces roughly $6 billion in unrealized gains on the holdings. The company issued several preferred share classes this year, three with a 10% annualized dividend. STRC and STRD payouts including accrued interest totaled $22.4 million and $37.6 million for the quarter. Company shares rose about 3% to $364, extending a year-to-date gain near 25% with a July high of $450. Bitcoin closed the week at a record $123,515, with technical resistance noted at $131,000, $135,000, and $140,000. Strategy did not buy Bitcoin last week amid $140 million in dividend payments, marking a pause in accumulation aligned with prior quarter-end patterns.

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