Strategy (MSTR) Stock Swings From $9.5B Loss to $4.7B Profit in a Week

Strategy held 840,447 BTC as of August 23, with an average purchase price of $75,389 per coin. Bitcoin rallying above that cost basis flipped a $9.5B unrealized loss into a $4.7B unrealized profit in under a week. Every $1,000 move in Bitcoin price shifts Strategy’s position value by roughly $840 million. Strategy raised $2.01B.