Strategy Stock Surges with Bitcoin Above $84,000

Strategy stock surged today after a two-week pause in Bitcoin purchases, climbing 5.8% in pre-open trading as Bitcoin broke above $84,000 for the first time since January.

The move follows a week of strong gains, with Strategy's shares tracking Bitcoin's price action closely due to its role as the world's largest corporate Bitcoin treasury.

The SEC's decision last Thursday to grant a five-year exemption allowing select platforms to offer on-chain trading of tokenized U.S. stocks without registering as traditional exchanges has triggered a short squeeze across crypto assets and pushed Bitcoin through several key resistance levels.

Executive Chairman Michael Saylor hinted over the weekend that Strategy may be ready to resume Bitcoin purchases, with investors now waiting for a new SEC filing that would confirm fresh accumulation.