Morning Minute is a daily newsletter written by Tyler Warner.
The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt
GM! Today’s top news: – Crypto majors close massive week up 20-30%; BTC at $78.5k – 10 alts gain 50% or more on the week, spanning memes, Defi and perps – ETH / BTC prints fresh golden cross – ZEC jumps 65% on week ahead of Grayscale spot ETF incoming – Robinhood Chain tokens post major rebound after Vlad Tenev podcast 🏛️ Strategy Is Back in the Green on Bitcoin for the First Time Since July Strategy holds 840,447 Bitcoin bought at an average price of $75,385, a position that spent most of the summer deep underwater. Bitcoin’s five-day run past $78,000 pushed the company back in the green.
At $78,400, the stack is worth about $65.89 billion against $63.36 billion paid, an unrealized gain near $2.53 billion, or 4.0%. That’s a swing of roughly $15.5 billion in six weeks. In July, with Bitcoin near $58,000, the position was about $13B in the red.