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Strategy Bitcoin treasury returns to profit above $75,385
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Aug 21, 2026
Strategy’s Bitcoin treasury briefly returned to an unrealized profit on Aug. 21 after Bitcoin climbed above the company’s $75,385 average acquisition price.
Bitcoin reached approximately $75,613 during the rally, placing Strategy’s 840,447 BTC about $228 per coin above its disclosed cost basis. Multiplying that difference by its holdings produced an estimated unrealized gain of approximately $191.6 million.
The gain changed rapidly with Bitcoin’s price. Crypto.news price data later placed BTC near $75,500, reducing the estimated surplus to about $97.5 million. These figures are snapshots rather than fixed company results.
Strategy Bitcoin holdings cross their cost basis
Strategy reported that its remaining Bitcoin was acquired for approximately $63.36 billion, including fees and expenses. The position carried an average purchase price of $75,385 per coin as of Aug. 16.
Bitcoin rose about 8.5% over 24 hours, trading between approximately $69,498 and $75,528, according to crypto.news market data. The move brought the asset above Strategy’s average price for the first time since its recent decline.
The company’s Bitcoin position remains below its June peak of 847,363 BTC. Strategy sold several batches during the summer to support preferred share payments, repurchases and its U.S. dollar reserve.
As previously reported, the company sold 1,690 BTC for $108.6 million during the week ending Aug. 9. It used those proceeds to repurchase approximately 1.15 million STRC preferred shares.
Strategy made no Bitcoin purchases or sales during the following week. It instead raised $333.7 million by issuing MSTR common shares, according to its latest regulatory disclosure.
Unrealized gains remain sensitive to Bitcoin price
Strategy needs Bitcoin to remain above $75,385 for its current treasury to stay above the disclosed aggregate purchase cost. A $1,000 movement in Bitcoin changes the position’s market value by approximately $840.4 million.
An unrealized gain does not provide cash unless Strategy sells Bitcoin or uses the holdings in a financing transaction. It also does not account for the company’s debt, preferred stock obligations, cash holdings or software business.
Under current U.S. accounting rules, qualifying crypto assets are measured at fair value, with changes recognized through earnings. However, accounting results can differ from the simple comparison between market value and aggregate purchase cost.
MSTR gained approximately 7.8% during Thursday’s session and closed near $112.39. The stock’s performance can differ from Bitcoin because shareholders also face dilution, financing costs and claims from securities that rank above common stock.
Sources >> Strategy Bitcoin treasury returns to profit above $75,385
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