Strategy reports $14B unrealized gains, pauses Bitcoin purchases
- Michael Saylor’s Strategy reported $14.05 billion in unrealized gains for Q2.
- The company’s digital asset carrying value was $64.36 billion as of June 30.
- Deferred tax expense associated with these holdings reached $4.04 billion.
- Strategy’s Bitcoin holdings remain at 597,325 BTC after a recent purchase of 4,980 BTC.
- The company skipped its first weekly Bitcoin purchase since April amid price fluctuations.
Despite significant unrealized gains, Strategy paused its Bitcoin buying spree as prices fluctuated between $105,400 and above $110,000 last week. This marks the first time since April that the company has not made a weekly purchase of Bitcoin.
In total, Strategy’s unrealized gains exceeded analyst estimates by over $1 billion, highlighting the company’s substantial position in the market.(Source)
