COINDESK · 2026-10-29 10:41 UTC

Live updates: Bitcoin clings to $80,000 as Strategy's cushion thins before earnings

Strategy, the largest corporate bitcoin holder with 848,517 BTC, reports Q3 earnings Thursday with bitcoin only 6% above its average purchase price of $75,446. Bitcoin's decline from $83,500 in late September to near $80,000 has created roughly $3 billion in paper losses for Strategy in Q4 so far. Strategy wrote back a $4.12 billion tax credit in Q3 that could reverse if bitcoin falls below $75,446, and U.S. spot bitcoin ETF investors are already underwater at current prices.

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