Strategy’s massive Bitcoin treasury has swung back into profit after BTC surged roughly 22% over five consecutive sessions, reversing billions of dollars in paper losses accumulated during the summer selloff.
The company currently holds 840,447 BTC acquired for $63.36 billion at an average price of $75,385. Bitcoin traded around $77,300 at the latest check after reaching an intraday high above $79,000, putting Strategy’s position roughly $1.6 billion above its aggregate acquisition cost.
The reversal comes only weeks after the same treasury was deeply underwater as Bitcoin traded below $60,000.
Strategy’s cost basis became one of the clearest levels in Bitcoin’s latest breakout. BTC pushed through $79,244 after surging past $74,000 in a short squeeze that wiped out more than $3 billion in bearish crypto positions.
The move completed a dramatic turnaround from the summer drawdown. Strategy was carrying a roughly $13 billion unrealized loss when Bitcoin traded near $60,335 in June, with the gap widening again when BTC slipped below $60,000 during July.
Bitcoin has since climbed from the low-$60,000 range through $70,000, $75,000 and briefly above $79,000 as improving liquidity, stronger ETF flows, falling long-term Treasury yields and forced short covering accelerated the rebound.
The broader move has also pulled Ethereum and large-cap altcoins sharply higher. ETH jumped alongside Bitcoin as the rally broadened across the crypto market, adding spot demand beyond the initial BTC-driven squeeze.
Strategy’s Bitcoin balance has fallen slightly from its June peak after the company introduced BTC sales into its capital-management framework.
The latest transaction came between August 3 and August 9, when Strategy sold 1,690 BTC for $108.6 million at an average price of $64,262. The proceeds funded repurchases of STRC preferred shares, reducing the treasury to its current 840,447 BTC.
Those sales followed a difficult second quarter in which Strategy recorded an $8.22 billion net loss as falling Bitcoin prices hit its digital-asset position.
Strategy has maintained its enormous BTC exposure while building a larger dollar reserve and actively managing preferred-stock obligations rather than returning immediately to aggressive Bitcoin purchases.
Bitcoin now sits above Strategy’s average acquisition price for the first time since the latest rally began, turning the company’s treasury from a multibillion-dollar paper loss into a positive position within weeks.
Every $1,000 move in Bitcoin changes the market value of Strategy’s 840,447 BTC stack by roughly $840 million, giving the company enormous sensitivity to relatively small moves around its cost basis.
At Bitcoin’s latest price near $77,300, Strategy’s BTC holdings are worth roughly $65 billion, compared with their $63.36 billion aggregate acquisition cost.
The post Strategy’s Bitcoin Stack Swings Back To Profit After BTC Surges 22% appeared first on Crypto Adventure.
