BlockBeats news, October 29 — Strategy will release its third-quarter earnings report after the U.S. stock market closes today and hold an online briefing at 5 p.m. Eastern Time (5 a.m. Beijing Time). According to a disclosure document dated October 26, the company holds 848,517 bitcoins at an average cost of about $75,446. Based on bitcoin's current price of about $80,300, against total spending of about $64 billion, the unrealized gain is about $4 billion, or roughly 6%.
Strategy did not increase its bitcoin holdings during the week ended October 25, and instead spent about $204.9 million to repurchase STRC preferred shares. According to another disclosure on October 5, Strategy estimated third-quarter bitcoin-related gains of about $20.91 billion, based on bitcoin at about $83,500 on September 30.
In addition, Coinbase will also release its earnings report after the market closes today.
