Strategy Bitcoin treasury hits breakeven point as BTC price passes $77K
Bitcoin (BTC) hit $77,000 on Friday as business intelligence company Strategys corporate treasury returned to profit. Key points:Bitcoin reaches its highest level since May 26 as it revisits $77,000.Price returns above the cost basis for Strategys BTC corporate treasury at $75,385.Around 11% of the BTC supply constitutes a new band of support below $68,000. Strategy out of the red with Bitcoin at highest since May Data from TradingView showed new local highs above $77,400 prior to the weeks final Wall Street open. BTC/USD one-day chart. Source: Cointelegraph/TradingView Now up around 20% in 48 hours, BTC/USD saw little by way of consolidation as it reclaimed a key level for Strategy, the world‘s largest corporate Bitcoin treasury company. Data from monitoring resource BitcoinTreasuries puts the cost basis for Strategy’s holdings of 840,447 BTC at $75,385, currently with a year-to-date gain of approximately $450 million. Strategy Bitcoin treasury cost basis data. Source: BitcoinTreasuries As Cointelegraph reported, between Aug. 3 and Aug. 9, Strategy opted to sell a small portion of its treasury worth 1,690 BTC to repurchase 1.15 million shares of its STRC preferred stock for $108.6 million. The move represented the companys fourth Bitcoin sale of 2026. Concerns over the long-term viability of the companys Bitcoin investment thesis accompanied the