Bitcoin’s price has just surged 20% in 48 hours, touching a local high of $77,400 on August 21, 2026. This rapid rise has not only changed the fortunes of retail traders, but also brought the portfolio of Strategy - the company formerly known as MicroStrategy - back into profit.
With total holdings of 840,447 BTC, Strategy’s average break-even point stands at $75,385 per coin. Thanks to this latest rally, the company’s assets have officially crossed their average purchase price line. Data records from BitcoinTreasuries reveal that the company’s running profits in 2026 have surpassed $450 million.
Selling Coins for Shares
This profitable state comes right after Strategy liquidated a small portion of its assets a few weeks ago. Between August 3 and 9, the company sold 1,690 BTC to buy back 1.15 million of their STRC shares worth $108.6 million. This move marked their fourth Bitcoin sale of 2026.
Independent analyst William Clemente believes the buying and selling maneuver has now further solidified the company’s position. “After Saylor was willing to sell BTC to buy back STRC, they are now even more over-collateralized following this price increase,” Clemente explained. Strategy CEO Phong Le had also previously signaled in a Fox News interview in early August that his company would accumulate Bitcoin again before the end of the year.
Will the Price Hold?
Beyond the maneuver of a single institution, the current technical structure of the market shows a thick line of defense. Bitcoin has just broken through its 200-day moving average or 200-day SMA at $68,967. This foothold is a key level that breaks the long-term downtrend line.
From an on-chain perspective, Glassnode data reveals that 3.44 million BTC currently have an actual purchase price in the range of $58,000 to $67,000. As many as 2.23 million of these coins - equivalent to 11% of the total global circulating supply - have changed hands in just the last 11 weeks. Rafael Schultze-Kraft of Glassnode noted that this area forms the densest cluster of purchase prices below the current spot. This stack of liquidity is what could potentially become the safest support zone if the market experiences a retracement.
Long-Term Calculation
The combination of macro chart movements and the asset management of major players shows resilience. Institutions that dare to hold their positions while remaining tactical in releasing assets for stock are now securing their large capital, and the $77,400 figure serves as proof that long-term calculations do not betray the results.
As reported by Cointelegraph.
Read also: What Is Bitcoin Halving?
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
