Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Strategy’s average Bitcoin purchase price remains above $75,000, keeping the position sensitive to further price moves.
ByWayne Jones
Michael Saylor’s Strategy swung an unrealized loss of more than $9.5 billion to a paper profit above $4.7 billion in just seven days.
The reversal follows Bitcoin’s climb from the low $60,000s to above $80,000 over the same week, turning the largest corporate BTC holder’s balance sheet from red to green.
The Numbers Behind the Swing
Strategy’s own dashboard puts its holdings at 840,477 BTC, bought at an average price of $75,385, a position that was down more than $9.5 billion a week earlier and is now up more than $4.7 billion.
The firm has kept building its cash position and has not bought or sold any Bitcoin over the stretch. However, it did sell 18.26 million shares of MSTR for $2.01 billion, with $1.59 billion moved into a second reserve, USD Cash, that Strategy says can be used for future Bitcoin purchases. Its regular USD reserve also grew to $5.1 billion.
It also repurchased $136 million of its STRC preferred shares, whose price keeps climbing toward its $100 par value ($97.21 at last check), with its last Bitcoin move being a sale on August 10, when it shed 1,690 BTC.
Saylor addressed the shift on X, writing, “Bitcoin is not abandoning its principles. It is transcending its prejudices.” The line followed a lengthy essay he published arguing that the OG cryptocurrency’s move into exchange-traded funds, corporate treasuries and regulated custody should not be treated as a betrayal of the network’s original purpose, but as a natural stage of its growth.
Bitcoin’s Broader Move
At the time of writing, BTC was trading above $80,000 for the first time since mid-May, tapping a multi-month high above $81,000 The asset was up roughly 25% in a week and about 4% in 24 hours
Source: cryptopotato.com