Loading market data...

Strategy Adds $1.59B to Cash, Holds Bitcoin as BTC Surge Puts Position in Profit

Strategy Adds $1.59B to Cash, Holds Bitcoin as BTC Surge Puts Position in Profit

Strategy added $1.59 billion to its USD cash, bringing the total reserve to $6.69 billion, and repurchased $136 million of its own stock. The company also skipped Bitcoin trades for a second straight week, leaving its last transaction as a 1,690 BTC sale on Aug. 10. The pause comes as Bitcoin's price surged past $78,000, pushing Strategy's long-held position into profit for the first time in months.

Strategy holds roughly 4% of all Bitcoin, with an average purchase price of about $75,400 and a total spend of $63.3 billion. At current prices, that position is worth more than $65.6 billion — a swing from the unrealized loss of over $10 billion it carried just a few months ago.