Strategy buys $116M of bitcoins in past week, sees $17B in Q4 unrealized loss on digital assets:
Strategy (MSTR) on Monday said that it acquired bitcoins (BTC-USD) worth $116.3M during the week ended January 4, compared to $108.8M in the prior week.
Shares were +4.24% pre-market to $163.83.
During the period from December 29 to December 31, the Tysons Corner-based bitcoin treasury company purchased 3 tokens for an average purchase price of $88,210. Between January 1 and January 4, the company bought 1,283 bitcoins for an average price of $90,391.
BTC-USD was trading 1.58% higher at $92,930.50 on Monday before the U.S. market open.
As of January 4, Strategy had 673,783 aggregate BTC holdings purchased for $50.55B in aggregate at an average price of $75,026.
The company sold 1.99M shares of class A common stock in prior week for the acquisition.
Additionally, the company said the balance under its U.S. dollar reserve as of January 4 was $2.25B.
On Friday, the business software company turned bitcoin proxy play was said to be facing a multibillion-dollar loss when it releases its Q4 earnings as the value of its bitcoin holdings sank with the token's drop in the last quarter of the year.
For the three months ended December 31, Strategy had $17.44B of unrealized loss on digital assets and $5.01B of associated deferred tax benefit.
For the year ended December 31, the company had $5.40B of unrealized loss on digital assets and $1.55B of associated deferred tax benefit.
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