On September 23, Strategy rose 3.1% overnight, trading at $172.62/share, with turnover of $62.42 million. The move extends a multi-session rally driven by Bitcoin surging past the $85,000 level for the first time in eight months and a fresh analyst price target upgrade.

B. Riley raised its price target on Strategy to $195 from $175 while maintaining a Buy rating. According to FactSet, the stock carries an average analyst rating of Buy with a mean price target of $234.11. Separately, Bitcoin climbed above $85,000 and briefly touched $87,000, fueled by what Bitwise CIO Matt Hougan described as the end of the crypto winter, with over $505 million in short positions liquidated in 24 hours. Strategy, the largest corporate Bitcoin holder with approximately 846,000 BTC valued at over $720 billion, saw its unrealized profit swell to more than $81 billion.

The company also resumed accumulation last week, purchasing 950 BTC for $75.7 million at an average cost of $79,670. Over the past month, Strategy has surged 48%, making it the top-performing Nasdaq 100 constituent.

(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.)