Bitcoin's Surge Lifts Strategy Shares Amid Citi's Bullish Forecast

Crypto markets are experiencing a resurgence, with one closely tied stock reaping significant benefits.

The price of Bitcoin has risen approximately 35% in the past three months, recently trading at around $85,000.

This surge has helped digital asset treasury Strategy (MSTR) gain more than 70% during the same period, placing its year-to-date performance in positive territory.

Strategy's shares have outperformed the S&P 500, which gained 11% as of Thursday's close.

Citi's Alex Saunders has raised the firm's base-case Bitcoin target to $113,000 by October 2027, attributing the boost to 'debasement fears' following the Treasury Department's announcement on bond buybacks and new federal agency guidelines on crypto regulation.

Bitcoin's bull case, according to Citi, puts prices at over $150,000, implying an upside of more than 75% and a climb to record highs.