Strategy Stock Surges 40% as Bitcoin Rally Lifts MSTR

Michael Saylor’s Strategy (MSTR) stock is making a strong comeback, jumping nearly 40% in one month from around $82 to $140. The rally comes as Bitcoin recovered from the $60,000 range to above $80,650, giving a major boost to one of the market’s biggest Bitcoin-linked stocks. 

Strategy’s large BTC holdings have also turned earlier paper losses into billions of unrealized gains.

Bitcoin Rally Gives MSTR a Major Boost

Strategy remains one of the biggest Bitcoin proxy stocks, meaning MSTR often moves more sharply than Bitcoin itself. Therefore, MSTR shares have jumped over 40%, while Bitcoin has recovered roughly 30%, showing its higher sensitivity to BTC price moves.

Strategy held 840,447 BTC at an average cost of $75,385 per Bitcoin. When BTC fell into the low-$60,000 range, the company was facing an estimated $9.5 billion paper loss. 

But after Bitcoin moved above $80,000, that position turned into an estimated $4.2 billion to $4.7 billion unrealized profit.

The size of the treasury also makes MSTR highly sensitive to Bitcoin. Every $1,000 move in BTC changes the value of Strategy’s holdings by roughly $840 million.

Strategy Builds a Bigger Cash Pile

The Bitcoin rally is not the only reason investors are watching MSTR. Strategy also raised $2.01 billion by selling 18.26 million MSTR shares through its ATM program.