Strategy's Bitcoin Holdings Turn from $10 Billion Loss to $8 Billion Gain
Strategy, the company founded by Michael Saylor, has seen a dramatic turnaround in its financial position as Bitcoin surged above $85,000. Its holdings of approximately 846,000 BTC are now valued at around $72 billion, translating to about $8 billion in unrealized gains compared to an acquisition cost of roughly $63.8 billion. The recovery follows a difficult second quarter when Bitcoin's decline led to an $8.2 billion loss for the company due largely to its crypto position. The recent rally has reversed much of that damage, with each BTC now valued about $9,584 above Strategy’s average purchase price. Despite these gains, they remain unrealized and vulnerable if Bitcoin drops below Saylor's firm's acquisition cost. In addition to the market-driven recovery, Strategy continued its accumulation strategy by purchasing 950 more BTC for $75.7 million last week while also repurchasing preferred shares worth around $174 million.