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Bitcoin briefly profitable for Strategy as price tops $75,385, while BitMine faces $5.79B Ethereum loss.

Market News
21 Aug 2026, 12:13 WIB
Blockonomi
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Neutral
Bitcoin briefly profitable for Strategy as price tops $75,385, while BitMine faces $5.79B Ethereum loss.

Strategy's 840,447 Bitcoin holdings briefly turned profitable when Bitcoin's price rose above their average cost of $75,385 per coin, reaching a peak paper gain of about $191.6 million before slipping back. The company sold some Bitcoin earlier to fund share buybacks and plans to resume buying in 2026. Meanwhile, BitMine's Ethereum holdings remain deeply unprofitable with an estimated $5.79 billion unrealized loss due to Ethereum trading well below their average purchase cost. BitMine projects staking revenue but needs a 42% price increase to break even. Strategy's future results will depend on Bitcoin's price movements relative to their cost basis.

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