MSTR Jumps to $120 on Bitcoin Boost to $77,000 - Strategy (NASDAQ:MSTR)

Michael Saylor’s Strategy Inc. (NASDAQ:MSTR) shares rose to $120 in Friday morning trading as Bitcoin (CRYPTO: BTC) approached $77,000.

The company’s enormous Bitcoin stack, roughly $13 billion underwater during July’s selloff, is now sitting on an unrealized gain of approximately $1.4 billion.

Strategy’s ledger shows 840,447 Bitcoin acquired for $63.36 billion, an average of $75,385 per coin. The rebound has produced a swing of approximately $14.4 billion in the value of Saylor’s wager relative to its cost.

“I feel your pain, but I think we have to be prepared to have difficult years,” Saylor told shareholders on Monday. Days later, Bitcoin erased the company’s paper loss.

What Is Driving Bitcoin’s Rally

Bitcoin’s latest surge followed the Treasury’s announcement that it would increase long-dated bond buybacks from $2 billion to at least $4 billion per operation.

The move briefly pushed yields and the dollar lower, reviving the "debasement trade" as investors bought Bitcoin and gold as protection against currency erosion.

President Donald Trump hosted crypto executives at the White House, while the SEC and CFTC signaled a friendlier regulatory approach. Spot Bitcoin ETFs also attracted approximately $1.61 billion over four sessions.