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Crypto Macro

Strive Exec: Strategy’s Bitcoin Holdings Could Hit $161.8B at Prior BTC/Gold High

Strive investment VP Adam Livingston said that if gold rises 15% to $4,760 an ounce and the BTC/gold ratio recovers from about 20.4 ounces to its December 2024 high of about 40.1 ounces, bitcoin would be worth roughly $190,858. On that basis, Strategy’s 847,666 BTC would be valued at about $161.8 billion against a cumulative cost of about $63.95 billion, or an average buy price of about $75,437, implying unrealized gains of roughly $98 billion.

Original source

AI take

The significance here is less about the price target than about the balance-sheet optics for the largest corporate bitcoin holder. A scenario where the BTC/gold ratio simply retraces a prior high would put Strategy's position deeply in unrealized profit relative to its average cost, which matters for how its treasury strategy is perceived. The open question is whether the BTC/gold ratio is treated as a meaningful valuation anchor or as a coincidental correlation, since the entire calculation rests on that relationship holding.

Generated by AI for reference only.

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