On September 30, Strategy rose 3.78% in regular trading, trading at $161.21/share, with turnover of $355 million. The stock advanced alongside a broad rally in crypto-related equities, driven by the company's resumption of Bitcoin accumulation and easing concerns over large BTC transfers.
On the news front, Strategy disclosed on September 28 that it acquired 1,666 BTC last week, lifting its total holdings to a record 847,666 BTC. The purchase marks consecutive two-week accumulation and ends a three-month buying hiatus, extending the company's streak of net BTC growth to 24 consecutive quarters. Simultaneously, the company spent $151.7 million repurchasing STRC preferred stock and proposed switching to daily dividend payments to stabilize the instrument's price.
Additionally, a previously flagged transfer of 3,568 BTC was confirmed by Arkham analysts as an internal reallocation within Fidelity's custody system rather than a sale, alleviating market concerns over potential liquidation. The broader crypto sector provided a tailwind, with Bitcoin having recently broken above $85,000 — an eight-month high — and crypto concept stocks including Robinhood, Coinbase, and Circle all rising in tandem. Analyst coverage remains supportive, with B. Riley recently raising its price target to $195 and maintaining a Buy rating.
(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.)