Strategy Stock Soars. Its Bitcoin Bet is a Winner Again.

Dow Jones08-21 20:13

Strategy was soaring again thanks to the ongoing surge in cryptocurrency prices, which has given the Bitcoin investor's stock a much-needed boost in recent days.

Shares jumped 9.1% to $122.64 ahead of Friday's opening bell. Futures tracking the S&P 500 were 0.4% higher as investors got over the worst of their worries about a recent rally in bond yields.

Strategy has finally shown some signs of life this week, clawing back some of its losses from a dismal first half of 2026. Friday's gains put it on track for a 32% gain since Tuesday's close, which would be good enough for its best three-day stretch since November 2024.

Bitcoin's best week in more than two years has boosted shares. The token rallied after President Donald Trump held a White House meeting of crypto executives and called for Congress to pass the Clarity Act.

Strategy is best known for its massive stockpile of the crypto-as of Sunday, it owned 840,447 Bitcoin. It has paid $63.36 billion to acquire the holding, which was valued at $65.04 billion as of Friday, with Bitcoin trading at $77,391.

That means Strategy's big crypto bet is finally back in the green.

 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment