Strategy's $65 Billion Bitcoin Treasury Returns to Profit

Strategy's Bitcoin treasury has returned to profit after years of accumulating the digital asset. With an average price of $75,385 per BTC and a total of 840,447 coins, the company's aggregate cost basis is near $63.36 billion.

The current market value of Strategy's holdings at $77,700 per coin is approximately $65.31 billion, resulting in a $1.95 billion unrealized gain.

However, this cushion is razor-thin, with only 3.1% above the company's total acquisition cost.

The scenario model applied by Strategy shows that at current prices, reclaiming the $100,000 milestone would inject an estimated $18.74 billion in fresh paper gains relative to the $77,700 baseline. Pushing toward $126,000 would elevate the stack to nearly $105.9 billion, securing a $42.54 billion profit margin.

Conversely, a retracement to $57,700 would value the stack at $48.49 billion, wiping out the current buffer entirely and resulting in a $14.86 billion unrealized loss.