Strategy Reclaims Cost Basis as Bitcoin Price Surges

Strategy, the largest corporate holder of Bitcoin, has reclaimed its cost basis after a sharp price recovery. According to an August 17 SEC filing, Strategy holds 840,447 BTC at an average purchase price of $75,385 per coin.

The company's treasury accounts for about 4% of Bitcoin's circulating supply, making it a significant player in the market.

With Bitcoin briefly trading above $75,613, Strategy's unrealized gains on its holdings reached approximately $192 million. This is a stark contrast to June's lows, when the company faced around $13 billion in unrealized losses.