+4.93% to $142.72 from $136.02
What moved MSTR
- Shares rose about 5.6%, outperforming a software and IT-services sector that was down roughly 0.26% on the day.
- The move was attributed to bitcoin strength and continued treasury expansion activity by the company.
- The company expanded its preferred-stock repurchase authorization to $3 billion.
- Strategy shares crossed above their 50-day moving average in a bullish ‘golden cross’ signal, while Clear Street raised its price target to $211 and kept a Buy rating.
Sources: TradingKey · Benzinga
+16.39% to $153.92 from $132.25
What moved MSTR
- Bitcoin climbed back above $80,000 in a short-squeeze rally as liquidations pushed the price through a key resistance level, while Ethereum gained more than 4% in the same session.
- Coinbase also gained alongside Strategy as crypto-linked equities rose broadly.
- Several Wall Street firms raised price targets on Strategy into a $160-$217 range following updates on its bitcoin-treasury holdings, which stood at roughly 845,050 bitcoin as of September; Bernstein’s target stood at $350.
- The rally came even as the Senate’s CLARITY Act crypto market-structure bill remained stalled, a setback that had weighed on sentiment earlier in the week.
- Separately, the House Ways and Means Committee advanced the Digital Asset Tax Certainty Act by a 38-5 vote, a bill that would exempt small crypto transactions used to pay network fees from capital-gains recognition.
Sources: Barchart · 24/7 Wall St · StocksToTrade · FX Leaders
+4.42% to $132.94 from $127.31
What moved MSTR
- Strategy purchased 4,603 bitcoin for roughly $369.7 million, at an average price of $80,318 per coin, between August 24 and August 30.
- The purchase ended a 10-week pause in Bitcoin accumulation and followed Executive Chairman Michael Saylor’s “We’re ₿ack” post on X a day earlier.
- During the pause, the company had instead sold about 3,588 bitcoin in July to help fund dividend obligations and shore up its dollar reserves.
- The purchase was funded through sales of Strategy’s Class A common stock under its at-the-market offering program, which raised about $602.8 million between August 24 and 30.
- Following the purchase, Strategy holds 845,050 bitcoin acquired for a total of $63.73 billion.
Sources: Bloomberg · crypto.news · Investing.com
+2.83% to $122.63 from $119.25
What moved MSTR
- Strategy disclosed a new $1.59 billion liquidity pool called “USD Cash,” part of what it calls its Digital Credit Capital Framework.
- The company raised about $2.01 billion by selling roughly 18.26 million Class A shares through an at-the-market offering to bolster reserves.
- Strategy reported holding 840,447 bitcoin as of Aug. 23, with the holdings valued about $2.07 billion above their roughly $63.36 billion acquisition cost.
- Shares extended a fourth straight day of gains as bitcoin-linked ETFs saw about $1.92 billion of inflows.
Sources: StocksToTrade · The Crypto Basic