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Strategy expects a $4.1 billion income tax benefit due to Bitcoin's fair value exceeding cost.
Strategy's October 5 filing shows that as of September 30, the company expects to recognize a $4.1 billion income tax benefit due to the fair value of Bitcoin exceeding its cost. This benefit arises from estimated tax expenses reduced through accounting adjustments. The company disclosed that as of 4:00 PM ET on October 4, it held 848,000 Bitcoins, with an average purchase price of $75,440.70 (including fees).
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