Strategy Inc. Shares Surge 12% as Bitcoin Breaks Above $80,000

Strategy Inc.'s (MSTR) shares rose more than 12% on Thursday as Bitcoin broke above $80,000.

This surge in cryptocurrency prices lifted investor sentiment towards the company, which is often viewed as a leveraged equity proxy for Bitcoin due to its large holdings of the digital asset.

Strategy currently holds 840,447 Bitcoins, representing roughly 4% of the total supply.

Bernstein analysts led by Gautam Chhugani remain bullish on Bitcoin, expecting it to reach $150,000 by mid-2027 and around $300,000 at the peak of its next cycle in 2029.

Their bull-case scenario sees Bitcoin reaching $500,000 by 2029, driven by factors such as rising sovereign debt, higher interest expenses, and broader adoption including institutional and retail access, spot ETFs, and corporate treasury purchases.