Strategy records $4.1B tax-related accounting benefit as BTC rises

Strategy reflected an estimated $4.1 billion tax-related accounting benefit as Bitcoin rose, according to a U.S. SEC filing cited by CryptoSlate. The accounting adjustment was tied to deferred tax assets after the fair value of its Bitcoin holdings exceeded acquisition cost as of Sept. 30. As of Oct. 4, Strategy held 848,000 BTC at an average purchase price of $75,440.70. The company added that the estimated tax benefit was internally calculated and had not been externally audited or reviewed.