Strategy Stock Surges 47.65% as Crypto-Linked Equities Rally

Strategy's stock price has surged 47.65% over one month, making it the top performer in the Nasdaq-100 constituent return ranking as of September 18.

The company's shares closed at $153.92 after a 16.39% gain on Friday, with trading volume reaching 54.34 million shares.

This move is notable because it outpaces Bitcoin's price increase over the same period, with MSTR gaining 47.65% while Bitcoin rose around 5-6% on September 18.

Strategy holds 845,050 BTC, acquired at an average cost of $75,412 per coin, and has redirected cash towards repurchasing its Variable Rate Series A Perpetual Stretch preferred stock (STRC).