Key Takeaways Strategy's 846,000 BTC is worth roughly $72 billion at a Bitcoin price of around $85,000, putting the position about $8 billion above its $63.8 billion acquisition cost. The turnaround follows a brutal second quarter, when falling Bitcoin prices led to an $8.2 billion quarterly loss, driven largely by unrealized losses on its BTC holdings. Strategy bought another 950 BTC for $75.7 million last week, while spending more than twice that amount repurchasing STRC preferred shares. Strategy's enormous Bitcoin position has swung back into billions of dollars of unrealized profit as BTC's rally above $85,000 reverses much of the damage inflicted earlier this year.
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