Today, we’re excited to introduce one of the most frequently requested features on Strike: Cost Basis.

Strike’s Cost Basis gives you clarity on your bitcoin’s performance, simplifies tax preparation, and ensures you have a comprehensive view of your bitcoin holdings and transactions.

Now, you get a complete view of your bitcoin holdings, transactions, and performance, including total return, the ability to view, manage, and edit cost basis lots, tailored insights, and tools to assist with tax preparation.

Cost Basis is now available to U.S. customers on both the Strike mobile app and the Strike Dashboard on desktop.

Introducing Cost Basis

As Bitcoin’s market cap grows and our customers continue building their wealth on Strike, we set out to build more sophisticated and intuitive cost basis tools tailored to the needs of Bitcoiners. Guided by your feedback, we designed an experience that delivers clarity on your bitcoin’s performance, simplifies tax preparation, and ensures you have a comprehensive view of your bitcoin holdings and transactions.

Our new Cost Basis features offer one of the most comprehensive experiences in the industry. Whether you’re selling for the first time, preparing for taxes, or simply wanting a complete view of your stack’s performance, Strike makes it effortless to track and manage your cost basis.

No more guesswork. No more juggling spreadsheets. Everything you need is built right into Strike. You can now track the cost basis for bitcoin bought on Strike, sent to your external wallet, or transferred into Strike, ensuring you have the information you need to make your tax season organized and free from hours of manual record-keeping.

View your bitcoin’s total return in real-time

We recently introduced a quick way to see how your stack is performing, your average buy price: the weighted average you’ve paid for bitcoin purchased on Strike over time.

Today, we’ve expanded this with total return, which combines:

• Realized return: Gains or losses from bitcoin you’ve sold or otherwise disposed of on Strike.
• Unrealized return: Gains or losses from bitcoin you still hold on Strike. For accuracy, these numbers exclude any bitcoin transferred off Strike or with unknown cost basis.

Your total return appears directly below the bitcoin price chart, giving you a snapshot based on your actual cost basis, not just market price.

Track and manage your cost basis in one place

We’ve brought full cost basis tracking to bitcoin that you hold or transfer on Strike. You can manage it all in the Strike mobile app or on desktop with your Strike Dashboard.

The Dashboard’s table view is perfect for reviewing and updating cost basis across multiple transactions. Strike tracks your cost basis in three main tabs within the Cost Basis section of your Dashboard:

• Bitcoin Lots: Bitcoin you bought or received on Strike, with acquisition dates and cost details.
• Transfers Out: Bitcoin you’ve sent to your own external wallet.
• Dispositions: Bitcoin you’ve sold, spent, or gifted. Taxable events, like bitcoin sales, appear in your 1099-B.

Each time you acquire bitcoin, whether by making a purchase, receiving a payment, or getting it as a gift, a new ‘lot’ is created (a record of the amount of bitcoin, the price at acquisition, and the date of the transaction).

Strike assigns default transaction types based on how your bitcoin was sent or received. You can review and easily update transaction types except for purchases and sales, which are already established, fill in missing cost basis for transfers in, and ensure your records are accurate well before tax season.

Because every detail matters for keeping track of your bitcoin transactions and preparing for taxes, you can easily edit the following cost basis details right in the Strike app:

• Transfers in (on-chain or Lightning): These are assumed to come from your own external wallet. You can edit the amount, acquisition date, and cost basis, or split the transaction into multiple lots with different acquisition details. They can also be categorized as payments or gifts.
• Transfers out (on-chain or Lightning): These are assumed to go to your own external wallet. You can reclassify them as payments or gifts. Taxable transactions will be moved to your Dispositions tab.
• Transactions to or from Strike users: These are assumed to be payments. These can be categorized as payments or gifts, but not as transfers.

You can export your transaction history anytime from the Activity section of your Strike Dashboard.

Learn more about how to manage your cost basis on Strike and understanding cost basis and bitcoin lots.

Get a clear snapshot of your cost basis with tailored insights

We’ve added tailored insights to each Cost Basis tab on your Dashboard, giving you high-level snapshots that make it easy to see your cost basis at a glance. These metrics update in real time as you review and manage your data, providing a clear, accurate view of your bitcoin activity.

For each tab, you’ll see tailored insights:

• Bitcoin Lots: Unrealized gain/loss, total acquired, total cost basis, and average price.
• Transfers Out: Total transferred out, current value, total transfers, and total destinations.
• Dispositions: Realized gain/loss, total disposed, total cost basis, and value of dispositions.

This feature is currently rolling out to all U.S. customers.

With Cost Basis, Strike gives you the tools to see the full picture of your bitcoin performance, stay on top of your taxes, and save time. It’s one more way we’re making Strike the best place to buy, sell, and manage your bitcoin.

Cost Basis is for your informational and organizational purposes only and is not (and should not be interpreted as) tax, legal, investment, or financial advice.