Bitcoin

TL;DR:
<ul>
 <li>Strategy recovered profitability on its Bitcoin treasury with an unrealized gain of approximately $1.4 billion, equivalent to 2.4% of its total investment.</li>
 <li>The company holds 840,447 BTC acquired at an average price of $75,385, just below the current market level of around $77,000.</li>
 <li>The company’s common stock rose 10% in Friday’s pre-market trading to $120, its highest level in two months.</li>
</ul>
<a href="https://crypto-economy.com/strategys-10-surge-has-bitcoin-finally-bottomed-out/" rel="noopener noreferrer nofollow">Strategy</a>, the company with the largest Bitcoin reserves in the world,&nbsp;returned to positive territory on its BTC treasury&nbsp;after the asset’s price surpassed&nbsp;$77,000&nbsp;on Friday, August 21. The company, which <a href="https://bitcointreasuries.net/public-companies/strategy" rel="noopener noreferrer nofollow">holds</a> approximately&nbsp;840,447 BTC&nbsp;acquired at an average price of&nbsp;$75,385, now records an&nbsp;unrealized gain of approximately $1.4 billion, equivalent to&nbsp;2.4%&nbsp;of its total cost basis. The shift is the result of a nearly&nbsp;22%&nbsp;rise in&nbsp;bitcoin&nbsp;over five consecutive sessions, its largest rally in months.
For much of the year,&nbsp;Strategy had been carrying considerable unrealized losses. When bitcoin fell to $58,000 in July, the deficit reached approximately&nbsp;$13 billion, equivalent to&nbsp;20.4%&nbsp;of the total cost of its holdings. Faced with that adverse context, the company&nbsp;sold a limited portion of its treasury: between August 3 and 9 it liquidated&nbsp;1,690 BTC&nbsp;for&nbsp;$108.6 million&nbsp;to&nbsp;buy back 1.15 million shares of its STRC stock, in what constituted the company’s fourth Bitcoin sale of 2026.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c6b629526a9942ad82d047fdda8d2223.png">
<h2 id="strategy-s-treasury-and-the-recovery-of-strc">Strategy’s Treasury and the Recovery of STRC</h2>
The repurchase of&nbsp;<a href="https://crypto-economy.com/brazils-oranjebtc-prepares-monthly-income-etf/" rel="noopener noreferrer nofollow">STRC</a>&nbsp;is an explicit management priority: restoring the&nbsp;$100&nbsp;par value of that perpetual preferred share. Over the past four weeks, the firm&nbsp;repurchased approximately $347 million in STRC, deploying more than a third of its&nbsp;$1 billion&nbsp;buyback program. The share trades at around&nbsp;$95.62,&nbsp;35%&nbsp;above its June low of $71.
Strategy’s chief executive officer,&nbsp;Phong Le, stated in an interview with Fox News in early August that the company&nbsp;will resume&nbsp;<a href="https://crypto-economy.com/bitcoins-run-toward-80k-fuels-millions-in-liquidations-and-marks-its-best-week-since-2023/" rel="noopener noreferrer nofollow">Bitcoin</a>&nbsp;purchases before year-end. Independent analyst William Clemente noted on X that, following the price increase, Strategy is&nbsp;even more overcollateralized&nbsp;relative to its dollar-denominated obligations. The company also holds a dollar reserve of&nbsp;$4.8 billion, sufficient to&nbsp;cover 2.8 years of dividends and other financial obligations.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/66d975a5eeed4dce9ae1ec891d75ddf2.jpeg">
On the other hand, data from Glassnode revealed that&nbsp;3.44 million BTC have an on-chain cost basis of between $58,000 and $67,000, forming a&nbsp;highly significant structural support zone&nbsp;in the event of a market pullback.

Strategy Locks In $1.4B Profit and Reaches Bitcoin Treasury Breakeven Point at $77K

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