Bitcoin’s sharp rebound above the $78,000 mark 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 cryptocurrency market, the company’s deep exposure to BTC is once again sitting on gains, having weathered multiple storms since last October’s Bitcoin all-time high.
Strategy Back in the Green as Bitcoin Rally Restores Profitability
Bitcoin has surged past the $78,000 mark for the first time since its steep February 5th selloff, when it plunged to around $60,000.
The rally also has favorable implications for Strategy, the world’s largest publicly listed company with Bitcoin on its balance sheet. As blockchain analytics firm Arkham Intelligence pointed out, Strategy’s Bitcoin holdings have now moved back above break-even level.
With Strategy’s average Bitcoin purchase price being around $75,577, the company has now moved out of negative territory, breaking even as the broader Bitcoin rally continues to gain momentum.
 
Bitcoin was trading hands around $78,102 as of press time, marking a 4.6% jump over the past 24 hours, according to CoinMarketCap. The move represents its highest level since early February and a gain of more than 23% since geopolitical tensions in the Middle East began escalating seven weeks ago.
BTC’s breakout on Friday followed Iran’s declaration that the Strait of Hormuz was “completely open,” a move quickly echoed by U.S. President Donald Trump, who publicly thanked Tehran for reopening the key shipping route in a post on Truth Social.
Strategy shares rallied 12.5% to $168, reaching a three-month high, according to Yahoo Finance.
Strategy’s Diamond Hands
Strategy made its first Bitcoin purchase on August 11, 2020, investing $250 million to acquire 21,454 BTC—an early move that founder Michael Saylor described as the start of its “new capital allocation strategy.”
Despite facing significant unrealized losses along the way, Strategy has remained firmly committed to Bitcoin, continuing to aggressively accumulate the apex crypto. The Michael Saylor-led Bitcoin powerhouse funds its BTC accumulation spree through multiple capital-raising channels, including convertible debt offerings and equity sales, which it uses to expand its stockpile.
Strategy now holds an eye-watering 780,897 BTC, acquired at a total cost of roughly $59.02 billion.
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