On October 9, Strategy rose 3.02% in pre-market trading, trading at $155.78/share, with Turnover of $48.6845 million.

The primary catalyst was Barclays raising its price target on Strategy from $160 to $175, directly boosting market sentiment.

This comes as the company reported an estimated $20.91 billion third-quarter gain on its digital asset holdings, marking its first return to profitability in four quarters. Strategy continued to accumulate bitcoin and advance its preferred stock repurchase program, strengthening fundamental support. As the largest corporate bitcoin holder, the company's share price remains highly correlated with bitcoin, which has been hovering around $85,000. Attention is also building ahead of the company's Q3 earnings call scheduled for October 29.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)