Bitcoin’s 22% Climb Lifts Strategy Past Cost, MSTR Surges 29%

TYSONS CORNER, Virginia, August 23, 2026, 20:02 EDT – Bitcoin’s 22% rise has pushed the overall strategy above its cost basis, while shares of MicroStrategy (MSTR) have jumped 29%.

• Bitcoin closed Friday at around $77,000, marking a weekly rise of roughly 22%.
• Strategy shares climbed 28.8%, exceeding the token’s gains by nearly seven percentage points.
• At 4 p.m. on Friday, Strategy’s 840,447 bitcoin holdings were valued at approximately $64.7 billion.
• This meant the holding was just 2.2% higher than its reported average acquisition price.

Bitcoin recorded its steepest weekly surge in over two years, sending Strategy Inc NASDAQ:MSTR shares above the average price of its substantial cryptocurrency holdings. The stock climbed even more rapidly. As a result, Monday’s buyers face greater exposure to potential gains, but the company has limited protection on its balance sheet should bitcoin prices fall.

At 4 p.m. EDT on Friday, bitcoin was priced at $77,006, marking an increase of about 22% for the week. Strategy finished at $119.79, with a five-session rise of 28.8%. The stock’s return was approximately 1.3 times greater than bitcoin’s over the week.

The gap is significant as Strategy is not just a basic bitcoin wrapper anymore. Its common stock is now subordinate to preferred securities, convertible debt, and ongoing distributions. Shareholders are also exposed to dilution risks when management issues new shares to support liquidity or capital allocation.