Strategy’s Bitcoin holdings moved about $2.8 billion above their aggregate cost basis after Bitcoin rallied to around $79,000, according to information reported by Decrypt. The company holds 840,447 BTC, giving the cryptocurrency’s price move a significant impact on the value of its position. Speculation over Strategy’s next move increased after executive Michael Saylor posted “We’re Back.” The message was interpreted by market watchers as a possible indication that the company could resume buying Bitcoin, although no new purchase was confirmed in the supplied report. The development puts attention on Strategy’s large BTC exposure and the potential market significance of any further acquisition. Bitcoin’s rally has also expanded the unrealized gain on the company’s existing holdings, based on the difference between the current market value and their cost basis.
