India, Aug. 26 -- Strategy's Bitcoin holdings have moved back into profit after Bitcoin's sharp recovery pushed the cryptocurrency above the company's average buying price. Strategy, formerly known as MicroStrategy, holds about 840,447 Bitcoin (BTC), with an average purchase price of $75,385 per Bitcoin.

The company has spent about $63.36 billion to build its Bitcoin holdings. Bitcoin's rally pushed the market value of Strategy's holdings above $66 billion, as the cryptocurrency broke through the company's average cost and briefly moved above $81,000. At the peak of the rally, Strategy's unrealized or "paper" profit reached about $4.7 billion, according to Yahoo Finance.

This was a major turnaround from just a week earlier. When Bitcoin...