Strategy’s MSTR quietly outperforms Bitcoin’s $80,000 rally as STRC closes in on $100

Bitcoin's sharp two-week recovery, which briefly pushed its value above $80,000, has brought Michael Saylor's Strategy BTC treasury back into profit and lifted its common stock faster than the cryptocurrency.

BTC's price rebound accelerated after the US Treasury moved to expand buybacks of longer-dated government debt, easing pressure on yields and weakening the dollar.

Renewed optimism around US crypto policy, heavy short liquidations, and stronger demand for spot Bitcoin exchange-traded funds added further momentum to the upward move.

As a result, Bitcoin briefly topped $81,000 on Tuesday, its highest level in more than three months, after spending much of the first half of August near the low-$60,000 range. It has slightly retraced to $78,772 as of press time.

Still, the price recovery has reached a critical point for Strategy, which spent the summer rebuilding liquidity and supporting its preferred securities after falling Bitcoin prices raised questions about its financing model.

The company has not resumed Bitcoin purchases, but the value of its existing holdings has risen enough to put more than $3 billion of unrealized gains back on its balance sheet.

MSTR outruns Bitcoin despite heavy share issuance