Profitability

Bitcoin giant Strategy has added another 430 BTC to its balance sheet, according to a fresh SEC filing. The company spent $51.4 million at an average price of $119,666 per coin, raising its total holdings to 629,376 BTC, worth more than $72 billion at current market prices.

A new analysis by Glassnode reveals a surprising statistic: 87% of the circulating Bitcoins are in profit. This data, which contrasts with the recent price stagnation of BTC, offers an intriguing insight into the current state of the market and its prospects. Why this relative stability and what could be the implications for the future of this market-leading crypto?