Bitcoin · Strategy · Bitcoin ETF · CryptoSlate
Bitcoin rally delivers $4.1 billion tax windfall for Strategy
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Strategy estimated a $4.1 billion income-tax benefit after Bitcoin's fair value rose above cost as of Sept. 30, according to its Oct. 5 filing.
Key facts
- Its June 30 quarterly filing recorded 734,261 BTC with an investment cost of about $61 billion and a fair value of about $43.4 billion
- Maketo estimated the average cost of Bitcoin remaining in BlackRock’s iShares Bitcoin Trust ETF ( IBIT ) at $81,188 per BTC as of Oct. 2
- BlackRock’s Oct. 5 holdings file listed about 806,038 BTC, and its fund page reported nearly $69 billion in net assets and a Bitcoin benchmark level of $85,694.41 that day
- The company disclosed 848,000 BTC at an average purchase price of $75,440.70, including fees and expenses, as of Oct. 4 at 4 p.m
Summary
01 Strategy estimates a tax-accounting benefit after its Bitcoin holdings returned above cost at September’s close, with management figures unaudited. 02 IBIT’s fund costs and shareholders’ purchase prices measure separate positions, leaving an individual investor’s break-even price dependent on their entry. 03 In-kind ETF redemptions transfer Bitcoin to recipients, whose subsequent decisions determine whether those transfers lead to market sales. The filing shows what can change when Bitcoin crosses a large holder’s cost basis.