Crypto
MSTR Stock Soars 48% as Bitcoin Reaches New Heights
Strategy Inc's stock, MSTR, surged 16% on Friday to close at $153.92 as Bitcoin climbed back above $80,000.
The stock's gain capped a strong month for MSTR, with the company's share price increasing by 47.65%, or 48% rounded, over the one-month period through Sept. 18.
This put MSTR at the top of the latest Nasdaq-100 constituent return ranking, outperforming Bitcoin's return over the same general window.
MSTR has historically moved more sharply than Bitcoin during large crypto price swings, and this relationship was visible on Friday as well, with Strategy gaining 16% while Bitcoin rose roughly 5% to 6%.