Paper profit of about $4 billion, Strategy holds 848,500 bitcoins

Odaily reports: Bitcoin News posted on X platform that, according to Strategy's October 26 filing, the company holds 848,500 bitcoins at an average purchase price of $75,446. Bitcoin is near $80,300, about 6% above its average purchase price, corresponding to a paper profit of about $4 billion; Strategy spent a total of $64 billion on this.

As of the week ended October 25, Strategy did not buy any bitcoins, but instead spent $204.9 million to repurchase STRC preferred stock. The company's October 5 filing estimated third-quarter bitcoin-related gains of $20.91 billion, with the bitcoin price at about $83,500 on September 30. Strategy will report earnings after the U.S. stock market closes today and hold a webcast at 5 p.m. ET; Coinbase will also report earnings after the close.