Two months after paper losses hit $13 billion, Strategy’s balance sheet is back in the green. The Bitcoin-holding company owned by Michael Saylor has just recorded an unrealized profit of around $1.4 billion. This profitable position was achieved immediately after Bitcoin’s price movement surpassed the company’s average purchase price.
The impact of this asset recovery quickly spread to the stock market. In Friday’s pre-market trading, Strategy (MSTR) shares surged 10% to stand at $120. This peak marked the company’s highest stock price in the last two months.
However, the most noticeable change is seen in how management restructured their crypto holdings out of the spotlight.
The End of the ‘Never Sell’ Mantra
For years, Saylor was associated with the policy of never selling the company’s Bitcoin holdings. That rule has officially come to an end. Since May 2026, Strategy has reportedly offloaded a total of 6,948 BTC with a market value of approximately $432.5 million.
This asset sell-off continued in the week of August 9, when the company liquidated 1,690 BTC worth $109 million. The proceeds from the coin sale were immediately redirected to repurchase preferred shares under the ticker STRC. Following this coin withdrawal, Strategy’s total Bitcoin holdings dropped to 840,447 coins.
This strategy shifted the following week. Strategy stopped selling its Bitcoin holdings and turned to raising cash from the equity market. The company raised $334 million through the sale of MSTR shares. This new cash was allocated for three purposes: paying preferred dividends, continuing the repurchase of STRC shares, and strengthening the company’s dollar position. This injection boosted Strategy’s total dollar reserves to $4.8 billion.
Rally Driven by Political Signals
The return to profitability on Strategy’s balance sheet was heavily driven by a reviving market sentiment. The price of Bitcoin surged nearly 23% over five consecutive days. This rapid, back-to-back rise broke the flat trend in the $60,000 range that had confined price movements throughout the summer, marking the strongest rally in recent months.
The price surge was sparked by momentum from the US political stage. President Trump openly pressured Congress to immediately pass the Clarity Act bill. This news was met with a firm statement from CFTC Chairman Selig, who promised that his agency is ready to draft its own crypto regulations should the congressional bill stall.
The $4.8 billion dollar holdings in the company’s treasury now mark a shift in direction for Strategy. Management’s decision to bolster cash as asset prices rise proves they are no longer just a passive holding entity, but are actively protecting reserve capital. Reported by Decrypt.
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.
