MSTR Stock Surges as Bitcoin Breaks Above $77,000

Michael Saylor's Strategy (MSTR) stock jumped over 8% in pre-market trade on Friday, leading gains among large-cap crypto-linked equities after Bitcoin's price surged above $77,000.

The company holds a massive 840,447 BTC, which carried roughly $1.36 billion in unrealized gains at the time of writing, according to data from BitcoinTreasuries.

Bitcoin's price gained over 6% in the last 24 hours, trading around $77,300 after hitting an intra-day high of over $78,000.

MSTR and BitMine Immersion Technologies (BMNR), the largest Ethereum treasury, led gains among large-cap crypto-linked equities this week with both stocks up over 15% since Monday amid the cryptocurrency rally.