Strategy’s Unrealized Bitcoin Loss Narrows to $4.77 Billion

Strategy, the world’s largest corporate Bitcoin holder, has sharply reduced its unrealized loss as Bitcoin rallied.

BlockBeats reported on Aug. 20 that Strategy’s unrealized loss on its Bitcoin holdings stood at about $4.77 billion as of that day.

The company’s unrealized loss had previously exceeded $10 billion when Bitcoin’s decline intensified. After Bitcoin surged on Aug. 19 and climbed back above $69,000, Strategy’s paper loss narrowed substantially.

In a recent investor report, Strategy said it held 840,447 Bitcoin as of Aug. 9. The company’s average purchase price was $75,385 per token, putting its total acquisition cost at about $63.36 billion.