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Strategy Swings From $13 Billion Bitcoin Loss to $1.4 Billion Profit as BTC Rallies
Decrypt • • business
Key Points:
- Michael Saylor’s company, Strategy, is back in profit on its Bitcoin holdings after a five-day rally pushed BTC above the company’s average acquisition price, resulting in an unrealized gain of about $1.4 billion.
- Strategy holds 840,447 BTC, valued at approximately $64.97 billion, with Bitcoin trading around $77,000, marking a turnaround from July when the holdings were $13 billion underwater.
- The company shifted its Bitcoin management strategy by selling 6,948 BTC since May for $432.5 million, using proceeds for preferred stock buybacks and dividends, and raised $334 million through share sales to bolster its dollar reserves.
- Bitcoin’s recent 23% surge over five days was its strongest rally in months, partly driven by political developments including President Trump urging Congress to advance the Clarity Act for federal digital asset regulation.
- The CFTC chair announced preparations for crypto market structure rules to be implemented if Congress fails to pass the Clarity Act, signaling regulatory action to establish a framework for crypto markets.
