MSTR Surges 16% as Bitcoin Breaks $80K, Fueling Nasdaq-100 Rally
Shares of Strategy Inc (MSTR) surged 16% on Friday to close at $153.92, driven by Bitcoin's break above the $80,000 threshold. This rally marks a significant milestone for the company's equity, with MSTR delivering returns of approximately 48% over the past 30 days.
This performance positions Strategy at the top of the Nasdaq-100 index constituent rankings for monthly returns. The stock began this period at $104.25 on August 19 before ascending to its current level.
The company's extensive Bitcoin holdings, currently standing at approximately 845,050 BTC, continue to serve as a primary catalyst for stock price movements. These digital assets were accumulated at an aggregate cost of $63.73 billion, with the weighted average acquisition price calculated to be around $75,412 per Bitcoin.