Strategy Stock Jumps Above $135 as Bitcoin Rally Continues
Shares of Strategy (formerly MicroStrategy) surged more than 10% on recent trading days, pushing its stock price above $135 for the first time in recent history. This sharp move comes as Bitcoin, the company's primary treasury asset, extended its rally.
The company's stock performance has become closely correlated with Bitcoin's performance, often amplifying its daily moves. The latest jump reflects renewed bullish sentiment across the crypto market, driven by factors such as ETF inflows and regulatory clarity.
Strategy holds over 129,000 Bitcoin on its balance sheet, acquired at an average price of approximately $34,659 per coin. This substantial treasury position means that even modest gains in Bitcoin can translate into significant swings in the company's market valuation.