How Bitcoin’s Rally Above $77K Impacts Strategy’s MSTR Stock
- Bitcoin’s rally has carried over to MSTR investors, with the stock up more than 11%.
- Owning MSTR offers leveraged Bitcoin exposure, unlike holding BTC directly.
- BTC gains boost Strategy’s treasury, while buy expectations can fuel faster MSTR rallies.
When Bitcoin crossed roughly $77,000 on August 21, Strategy’s 840,447 BTC were suddenly worth about $1.4 billion more than what the company originally paid. Strategy’s average buy-in price is reported at around $75,400 per coin.
Additionally, Bitcoin’s rally has carried over to MSTR investors, with the stock up more than 11% before the market opened on Friday.
In practice, the company gives its shareholders leveraged exposure to Bitcoin, but owning MSTR isn’t the same as owning BTC directly. Strategy does hold actual Bitcoin, but it’s also financed by issuing common stock and preferred shares.
As such, when B…
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