Strategy's $8B Bitcoin Profit Swing

Strategy's massive Bitcoin position has swung from an $8.2 billion quarterly loss in the second quarter to approximately $8 billion in unrealized gains as BTC's price surged above $85,000.

The Michael Saylor-founded company acquired 846,000 BTC for around $63.8 billion at an average price of $75,416 per coin, according to its latest disclosure.

With BTC trading around $85,000 on Monday, those holdings are worth roughly $72 billion, leaving Strategy with approximately $8 billion in unrealized gains.