Bitcoin Breaks $77K, Strategy's Treasury Back in the Black
MSTR sits 53% above its 52-week low of $81.81 on elevated volume (2.2× avg).
Summary
Bitcoin's surge past $77,000 has pushed Strategy's 840,447 BTC treasury above its $75,385 cost basis, erasing the unrealized loss that had weighed on the stock. The move comes after a 20% two-day rally and follows the company's fourth Bitcoin sale of 2026, when it liquidated 1,690 BTC to repurchase $108.6M of STRC preferred shares. CEO Phong Le's statement that Strategy will resume Bitcoin purchases before year-end adds a forward catalyst. On-chain data shows a dense cost-basis cluster below $68,000, providing potential downside support. This is a material positive for MSTR, which had been trading below its Bitcoin holdings value in late June.
At the time of this announcement, MSTR was trading at $125.47 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $43.2B. The 52-week trading range was $81.81 to $365.21. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Cointelegraph.