Strategy Stock Surges as Bitcoin Breaks Above $70,000

Strategy Inc's stock surged over 10% in pre-market trading after Bitcoin broke above $70,000 for the first time since early June. This marked a significant milestone for the company, which had fallen from its 52-week high of $365.21 earlier this year.

The price jump was triggered by a U.S. Treasury announcement to double long-term bond buyback operations and a White House crypto meeting with President Trump. The Bitcoin rally also led to forced short liquidations across crypto markets, totaling approximately $1.44 billion.

Strategy owns 840,447 Bitcoin, acquired for $63.36 billion, which is now valued at around $65.04 billion. This puts the company's crypto bet back in the green after a rough first half of 2026.