MSTR Stock Sits on $1.15B BTC Profit as Bitcoin Nears $80K

Strategy Inc.'s (NASDAQ: MSTR) stock has surged to $120 as Bitcoin approaches $80,000. The sharp five-day run has lifted MSTR's share price by 27% since August 17.

The rally has also turned Strategy's $1.15 billion BTC profit green after the company's holdings were valued at a paper loss of $10 billion in June. This profit is based on an average purchase price of $75,653 per coin and a current value of $77,080 for each Bitcoin.

The Treasury's decision to raise long-dated bond buybacks has contributed to the rally, pushing yields and the dollar lower and prompting investors to buy Bitcoin and gold. A friendlier tone from regulators and nearly $1.61 billion in spot Bitcoin ETF inflows have also boosted the market.