Yu Jin: Strategy Holds 717,722 Bitcoin; BitMine Owns 4,422,659 Ether

Goldman Sachs data indicates Strategy remains heavily shorted and added 592 BTC worth $39.8 million last week, maintaining a total of 717,722 BTC amid substantial unrealized losses.

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Summary

Goldman Sachs data revealed that Strategy is currently the most shorted U.S. stock by market value ratio. The firm purchased 592 Bitcoin last week, valued at $39.8 million, bringing its total holdings to 717,722 BTC. At Bitcoin’s market price of $66,000 and an average acquisition cost of $76,020, Strategy faces approximately $7 billion in unrealized losses. These figures highlight continuing market skepticism toward the company despite its extensive cryptocurrency exposure.

Terms & Concepts
  • Unrealized loss: A paper loss when market value is below purchase price; not recognized until the asset is sold.
  • Cost basis: The average acquisition price per unit used to calculate gains or losses on disposition.
  • Bitcoin (BTC): The first decentralized digital currency using blockchain technology for peer-to-peer transactions without intermediaries.