MSTR Surges 40% as Bitcoin Rally Boosts BTC-Linked Stocks

Michael Saylor's company, Strategy (MSTR), is seeing a significant surge in its stock price. In just one month, MSTR has jumped nearly 40%, from around $82 to $140.

This rally comes as Bitcoin has recovered from the $60,000 range to above $80,650, giving a major boost to one of the market's biggest Bitcoin-linked stocks.

Strategy's large BTC holdings have also turned earlier paper losses into billions of unrealized gains. The company held 840,447 BTC at an average cost of $75,385 per Bitcoin, which translated to an estimated $9.5 billion paper loss when BTC fell into the low-$60,000 range.