Strategy Inc., formerly known as MicroStrategy, recorded a 48% stock price increase over the last 30 days. This performance makes it the top-performing asset in the Nasdaq-100 index, significantly outpacing Meta, which saw a gain of approximately 21.9% during the same period.
On September 18, the company's stock closed at $153.92, following a single-day surge of 16.39%. The growth is attributed to Bitcoin approaching the $80,000 level and recent regulatory developments, including the advancement of a Strategic Bitcoin Reserve bill and an SEC exemption for tokenized stock trading.
The company currently holds approximately 845,050 Bitcoin, acquired at an average price of roughly $75,412 per coin. With Bitcoin nearing $80,000, the total value of these holdings is estimated at approximately $67.6 billion.
Since 2020, the firm has shifted its focus from business-intelligence software to operating as a publicly traded Bitcoin treasury vehicle. The company utilizes debt and equity raises to acquire additional Bitcoin, creating a high-beta equity proxy that amplifies exposure to the cryptocurrency's price movements for shareholders.
