Strategy Shares Soar 12% as Bitcoin Hits $69,500 Mark

Strategy shares surged 12.15% on August 19 as Bitcoin (BTC) approached $70,000, sending Michael Saylor's company back above the $100 mark.

The rally was largely driven by Bitcoin's rapid price increase, which saw it move from below $65,000 to nearly $70,000 in a single day.

Strategy's MSTR stock opened at $94.54 and finished the session at $103.76, with 33.85 million shares changing hands.

The company's Bitcoin holdings are worth around $57.4 billion, down from the $63.36 billion spent acquiring them.