Crypto
Bitcoin Price Surge Lifts Strategy from $13 Billion Loss to $1.4 Billion Gain
Strategy, a Bitcoin treasury company led by Michael Saylor, has shifted from a $13 billion loss to a $1.4 billion gain due to a five-day surge in Bitcoin's price.
The company holds 840,447 BTC, valued at approximately $64.97 billion. With Bitcoin trading around $77,000, Strategy records an unrealized gain of about $1.4 billion, or 2.4%.
This turnaround marks a drastic change from July when Bitcoin fell to around $58,000, and Strategy's reserves were valued at a loss of approximately $13 billion.