Strategy Bitcoin Treasury Briefly Returns to Profit Above $75,385
Strategy's Bitcoin treasury briefly returned to profit on Aug. 21 after the price of Bitcoin rose above $75,385.
This is the first time since its recent decline that Strategy's average acquisition price has been surpassed by the market value of its holdings.
The company holds 840,447 BTC acquired for $63.36 billion at an average purchase price of $75,385 per coin including expenses overall.
At $75,613, Strategy's holdings carried approximately $192 million in unrealized gains before prices changed again.
The gain was short-lived as Bitcoin's price dropped to around $75,500, reducing the estimated surplus to about $97.5 million.