Strategy (MSTR) Stock Swings From $9.5B Loss to $4.7B Profit in a Week
TLDR
- Strategy held 840,447 BTC as of August 23, with an average purchase price of $75,389 per coin
- Bitcoin rallying above that cost basis flipped a $9.5B unrealized loss into a $4.7B unrealized profit in under a week
- Every $1,000 move in Bitcoin price shifts Strategy’s position value by roughly $840 million
- Strategy raised $2.01B from stock sales, with $300M going to USD reserves and $136.4M used to repurchase STRC preferred stock
- The company now holds $6.69B in total USD assets, including $1.59B in cash
Strategy Inc. (MSTR) has gone from deep in the red to sitting on a $4.7 billion unrealized profit, all thanks to Bitcoin’s sharp recovery over the past week.
Bitcoin was trading at $79,040 at the time of writing, after briefly breaking above $81,000 on Tuesday. That’s a gain of over 22% in seven days, and it was enough to push Bitcoin back above Strategy’s average acquisition cost of $75,389 per coin.
That single crossover point changed everything for Strategy’s balance sheet.
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