Strategy (MSTR) Stock Up 27% in Five Days as Bitcoin Rally Boosts Crypto Stocks
TLDR
- MSTR rose 7.5% to above $120, hitting its highest level in two months as bitcoin briefly touched $79,400
- MSTR is up 27% over five trading days since August 17
- Strategy’s STRC preferred stock climbed above $96 for the first time since June, nearing its $100 par value
- Strategy holds 840,447 BTC worth around $65.2 billion, now back in unrealized profit of roughly $1.6 billion
- Strategy sold $333.7 million in MSTR stock between Aug. 10-16, using proceeds for STRC dividends and repurchases while building USD reserves to $4.8 billion
Strategy (MSTR) stock climbed 7.5% to above $120 in early trading on Friday, August 21, reaching its highest point in two months. The move came as bitcoin briefly pushed above $79,400, its highest price since May 2026.
MSTR is now up 27% over just five trading days since August 17, carried higher by a broad crypto market rally that saw total crypto market cap jump from $2.1 trillion to $2.5 trillion in a matter of days.
Bitcoin flipping Meta in market cap ranking drew fresh attention to crypto assets. Ethereum also touched $2,400 during the same stretch, adding fuel to the rally across crypto-linked stocks.
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