Live updates: Bitcoin clings to $80,000 as Strategy’s cushion thins before earnings

Bitcoin fell nearly 2% to around $80,000 as traders awaited Strategy's third-quarter earnings. The company's massive bitcoin holdings are now worth only about 6% more than its purchase cost, a thinning cushion that raises questions about the largest corporate holder's leverage and strategy. A trader would watch Strategy's results for signs of whether corporate treasury demand can keep supporting prices.