On August 24, Strategy rose 5.17% in regular trading, trading at $125.655/share, with turnover of $1.771 billion. The rally was driven by Bitcoin surging above $79,000 and the company's latest SEC filing revealing substantial dry powder for potential purchases.
Strategy's filing disclosed $5.1 billion in digital asset reserves and $1.59 billion in cash and cash equivalents as of August 23. The company has not purchased Bitcoin since the week of June 22, maintaining holdings at 840,447 BTC with an average cost of $75,385 per coin. The prior week, Strategy raised approximately $2 billion through common stock issuance, bringing its total reserve to $5.1 billion.
The broader crypto market provided tailwinds, with Bitcoin gaining 2.63% over 24 hours to $79,248. The rally extended a strong weekly performance fueled by Trump administration efforts to advance the Clarity Act for digital asset regulation, declining Treasury yields, and a historic short-squeeze that liquidated over $1 billion in bearish positions.
(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.)