Home›Crypto›Market Structure›Bitcoin treasury firm swings from $13 billion loss to…

Bitcoin treasury firm swings from $13 billion loss to $1.4 billion profit

The firm now shows about $1.4 billion in unrealized gains after Bitcoin rose above its average acquisition price, according to Decrypt.

Reported · Written up by our desk · Market Structure

Decrypt reports that a major Bitcoin treasury firm has reversed its earlier paper loss as the cryptocurrency has rallied.

The company previously showed roughly $13 billion in losses, but its current position is about $1.4 billion in unrealized gains.

The improvement comes as Bitcoin moved above the firm's average acquisition price, lifting the mark-to-market value of its holdings.

Decrypt attributes the change to Bitcoin's price action relative to the company's purchase cost basis.

Latest closeBitcoin $81,906.63 ▼1.4%

More like this

Sources