Strategy Sees $1.4 Billion Profit in BTC Treasury Following Bitcoin Price Surge

Strategy, the company with the largest Bitcoin reserves in the world, has seen its BTC treasury recover profitability after the asset's price surpassed $77,000 on Friday, August 21. The company holds approximately 840,447 BTC acquired at an average price of $75,385, resulting in an unrealized gain of around $1.4 billion, or 2.4% of its total cost basis.

This shift is the result of a nearly 22% rise in Bitcoin over five consecutive sessions, its largest rally in months. For much of the year, Strategy had been carrying considerable unrealized losses, with a deficit reaching around $13 billion, equivalent to 20.4% of the total cost of its holdings, when Bitcoin fell to $58,000 in July.

Strategy sold a limited portion of its treasury between August 3 and 9, liquidating 1,690 BTC for $108.6 million to buy back 1.15 million shares of its STRC stock. The company's chief executive officer, Phong Le, stated that it will resume Bitcoin purchases before year-end.

Strategy's Treasury and the Recovery of STRC