Strategy Rebounds to $1.4B Unrealized Gain as BTC Surges
Strategy, the Bitcoin treasury vehicle led by Michael Saylor, has swung from about $13 billion underwater in July to roughly $1.4 billion in unrealized gains as Bitcoin trades around $77,000. The firm holds 840,447 BTC acquired at an average price of $75,385, with BTC near its average purchase price helping lift the position back into the black. The rebound follows the company selling BTC earlier this year to fund STRC buybacks and dividends, including 6,948 BTC sold for $432.5 million since May, and later raising $334 million via MSTR share sales to boost its cash cushion to about $4.8 billion. Shares rose about 10% pre-market on the rally, though BTC remains below its October peak.
