Strategy $1.8 Billion in Profit After Bitcoin Surges to $78,000

At the time of writing, Strategy (MSTR) is ripping higher and has climbed 14.19% today so far to $170, while Bitcoin has gained 5.5% in the last 24 hours to $78,000. Once again, Strategy is outperforming Bitcoin — a key feature of the stock that continues to deliver leveraged upside for shareholders betting on the company’s aggressive Bitcoin treasury strategy.

The fresh surge comes on President Trump’s announcement that the Strait of Hormuz in the Middle East is now fully open and ready for business.

The Strait itself has been very much a Bitcoin story in recent weeks. Before this announcement, the Iranian regime stated that ships wanting to pass through it would have to pay their fees in Bitcoin — a clear demonstration that, time and again, Bitcoin becomes the go-to currency when the traditional banking system locks parties out and when sovereignty is the priority. Regardless of your personal opinion of Iran, this once more shows that Bitcoin is increasingly viewed as a reserve currency for nations and, of course, a premier reserve asset for forward-thinking companies such as Strategy and Strive.

Thanks to this price action, Strategy is firmly back in profit territory despite what all the critics had been saying. Many predicted that the brutal crash from $126,000 down to the $60,000 range would trigger a liquidation event or force the company into distress. Strategy has proven the doubters wrong — and then some.

Currently, the company sits on roughly $1.8 billion in unrealized gains on its Bitcoin holdings. For every $1,000 Bitcoin climbs in price, Strategy adds approximately $780 million to its balance sheet. With its current stack valued at roughly $56 billion, a return to the previous all-time high of $126,000 would push the value of Strategy’s Bitcoin to $98.4 billion — without them buying a single additional coin. That’s pure upside from here.

Their MNAV now stands at 1.24, signaling strong premium conviction from the market and continued appetite for leveraged Bitcoin exposure through the equity.

On top of all this, according to data from BitcoinTreasuries.net, Strategy has now likely exceeded BlackRock as the largest holder of Bitcoin. BlackRock’s iShares Bitcoin Trust (IBIT) currently holds 791,272 BTC. Via its innovative STRC preferred equity instrument, BitcoinStrategies.NET estimates that Strategy is set to surpass IBIT’s holdings by purchasing more than 26,000 BTC over the course of this week. Strategy now controls an estimated 807,231 Bitcoin.

This latest chapter reinforces what Bitcoin treasury watchers have been saying for months: Strategy isn’t just holding Bitcoin — it is engineering one of the most powerful corporate balance sheets in history, turning volatility into opportunity and critics into footnotes. While traditional finance debates the merits, Strategy continues to stack sats, raise capital, and deliver outsized returns for those who understand the asymmetric bet on Bitcoin as the ultimate reserve asset.