Strategy returns to profit as Bitcoin's Treasury-fueled rally hits $76,945

Bitcoin broke out of a year-long downtrend on Thursday, surging to $76,945 and peaking at $79,461 intraday, U.Today reported. The move extends the climb that took Bitcoin past $75,000 earlier this week, and it dragged Strategy's Bitcoin treasury back into profit for the first time since the company started locking in losses during the downturn.

The rally traces back to a single macro decision. US Treasury Secretary Scott Bessent announced the department would more than double its long-term bond buybacks, raising the limit to at least $4 billion per operation. The move aimed to inject liquidity into the government debt market and push down long-term yields. Falling yields weakened the dollar and sent large investors searching for somewhere else to park capital, and Bitcoin ETFs absorbed $606.29 million in net inflows on Thursday, the highest single-day total since May. Ethereum ETFs pulled in $220.77 million, their best day since October.

Strategy holds 840,447 BTC worth roughly $64.6 billion, and the rally pushed the position above its break-even point for the first time in months. The company's average purchase price sits at $75,388.45 against total investments of $63.36 billion, so Thursday's move above that line erased the paper losses that forced the company to sell coins near $62,000 to $64,000 earlier in the downturn. The comeback puts the treasury more than $1 billion ahead of its recent low. Strategy's enterprise value has climbed to $64.9 billion, and CEO Michael Saylor marked the moment with a one-line tweet: "Take the orange pill."

• Bitcoin: $76,945, up from a $68,970 200-day moving average
• Strategy treasury: 840,447 BTC, break-even price $75,388.45
• Bitcoin ETF inflows Thursday: $606.29 million, highest since May
• Treasury bond buyback ceiling: raised to $4 billion per operation
• Short positions wiped out over 72 hours: $4.36 billion

Strategy's balance sheet still carries real leverage. The company runs a $13.27 billion debt stack across its Digital Credit bond issues, with yields ranging from 10.28% to 14.01%. Its key instrument, STRC, trades at $95.656 against a $100 par value, a discount that has kept the company from restarting aggressive open-market Bitcoin purchases at full capacity. Saylor still holds about $4.80 billion in cash, and closing that STRC gap would free up more room to buy. CryptoQuant's Bitcoin Bull Score Index returned to its bullish green zone for the first time since October 2025, and the firm's CEO Ki Young Ju said the bearish phase and the market's global bottom now sit behind the current price.

The rally carries a real fault line underneath it. Three days of buying wiped out $1.21 billion in short positions, and once the market found a peak, a brief pullback liquidated another $37.43 million in overleveraged longs within a single hour. CoinGlass data shows $4.36 billion in shorts destroyed over the past 72 hours, leaving the futures market skewed almost entirely toward long positions. Bitcoin's daily RSI sits at an overheated 84.80. A pullback to $65,900 would liquidate $5.71 billion in leveraged Bitcoin longs, and a matching drop to $2,090 on Ethereum would wipe out another $2.15 billion. Traders now face three weeks of exposure to that risk before the Senate's procedural vote on the CLARITY Act on September 15, watched closely after Bitcoin's earlier break above $75,000 set the stage for this week's move.

This article is for informational purposes only and does not constitute investment advice.