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🪙 Crypto
Strategy swings to $1.4bn unrealised Bitcoin profit after BTC rally erases $13bn loss
Bitcoin treasury company Strategy had previously recorded around $13 billion in unrealised losses on its BTC holdings. After Bitcoin rallied above the company's average acquisition price, Strategy is now sitting on roughly $1.4 billion in unrealised gains. The swing highlights the extreme volatility tied to the firm's large cryptocurrency portfolio.
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