Strategy's Bitcoin Holdings Recover From $11 Billion Drawdown

Strategy, formerly known as MicroStrategy, has seen its bitcoin holdings recover from an $11 billion drawdown to turn a profit.

The company currently holds 780,897 BTC at an average cost basis of $75,577 per coin, acquired through total expenditures of $59 billion. This recovery is largely attributed to the recent price rally, which has pushed the value of Strategy's holdings above its original purchase price.

Strategy's management, led by Michael Saylor, had been purchasing BTC throughout the decline, but at increasingly higher prices, ultimately contributing to the company's financial strain.