Strategy Back in Profit on 840,447 BTC as Bitcoin Breaks Above $75,385 Cost Basis

Bitcoin’s rise to $75,613 has put Strategy’s 840,447 BTC holdings back in positive territory, while BitMine remains billions of dollars underwater on its Ethereum position, according to the data. 

Strategy’s Bitcoin portfolio is now carrying roughly $192 million in unrealized gains. Its holdings have an average acquisition price of $75,385 per BTC, placing the cryptocurrency just $228 above the company’s cost basis. 

The picture is sharply different for BitMine. Ethereum’s price of $2,370 remains well below the company’s $3,366 average cost across its 5,815,164 ETH holdings. 

That gap leaves BitMine with an unrealized loss of approximately $5.792 billion on its Ethereum position. 

Source: Strategy and Wu Blockchain