Bitcoin’s sharp rebound above $78,000 has flipped Strategy’s massive Bitcoin position back into profit, marking a major turnaround for one of the market’s most closely watched institutional bets.
As bullish momentum returns to the crypto market, the company’s deep exposure to BTC is once again sitting on gains after weathering multiple storms since last October’s all-time high.
Strategy Back in the Green as Bitcoin Rally Restores Profitability
Bitcoin has surged past $78,000 for the first time since its steep February 5 selloff, when it plunged toward $60,000. The rally has favorable implications for Strategy, the world’s largest publicly listed company with Bitcoin on its balance sheet. Blockchain analytics firm Arkham Intelligence noted that Strategy’s Bitcoin holdings have moved back above break-even.
With Strategy’s average Bitcoin purchase price around $75,577, the company has exited negative territory as the broader Bitcoin rally gains momentum. BTC was trading near $78,102 at press time, a 4.6% jump over 24 hours and the highest level since early February—more than a 23% gain since geopolitical tensions in the Middle East began escalating seven weeks ago.
The breakout followed Iran’s declaration that the Strait of Hormuz was “completely open,” a comment later echoed by U.S. President Donald Trump, who thanked Tehran for reopening the route on Truth Social. Strategy shares rallied 12.5% to $168, reaching a three-month high, per Yahoo Finance.
Strategy’s Diamond Hands
Strategy made its first Bitcoin purchase on August 11, 2020, investing $250 million to acquire 21,454 BTC—what founder Michael Saylor called the start of its “new capital allocation strategy.” Despite significant unrealized losses at times, Strategy has remained committed to Bitcoin and continued to accumulate aggressively, funding purchases via convertible debt offerings and equity sales.
The company now holds 780,897 BTC, acquired at a total cost of roughly $59.02 billion.