Bitcoin Rally Boosts MSTR Stock Above $100 Amidst Warning of 'Difficult Years'

Bitcoin's surge towards $70,000 sent Strategy (MSTR) stock soaring by 12.15% on August 19, pushing it back above the $100 mark.

The stock had opened at $94.54 and finished near $103.76, with 33.85 million shares traded during the session.

Strategy's CEO Michael Saylor warned that investors may need a time horizon of up to 10 years as the company continues to use complex financing tools around its Bitcoin treasury.

The company's Bitcoin holdings were worth around $57.4 billion on Wednesday, still below the $63.36 billion spent acquiring them.