Strategy Inc. (NASDAQ: MSTR) shares were up more than 5% in premarket trading Monday as Bitcoin climbed to its highest level in more than seven months, extending the stock’s gains from Friday’s $153.92 close.
Reuters reported that Bitcoin rose 4.3% to its highest level in more than seven months, lifting Strategy and Coinbase shares more than 5% each.
Bitcoin traded above $85,000 during Monday’s session. Strategy Executive Chairman Michael Saylor posted the company’s Bitcoin acquisition tracker on Sunday with the message, “A little more orange,” after the company had gone several weeks without reporting a new purchase.
As of 8:08 a.m. ET Monday, Strategy had not announced a fresh Bitcoin acquisition. Its latest Bitcoin-related 8-K reported no purchases or sales through Sept. 13.
Strategy Holds 845,050 Bitcoin
Strategy last reported holding 845,050 Bitcoin acquired for an aggregate purchase price of approximately $63.73 billion, including fees and expenses. The company’s average acquisition price was about $75,412 per Bitcoin, according to its latest filing.
The company’s most recently confirmed purchase was disclosed on Aug. 31, when Strategy said it acquired 4,603 Bitcoin for approximately $369.7 million at an average price of about $80,318 per coin. Strategy subsequently reported no Bitcoin purchases or sales for the periods ending Sept. 7 and Sept. 13.
At a Bitcoin price of approximately $85,100, Strategy’s 845,050 Bitcoin holdings would have a market value of about $71.9 billion. That compares with the company’s reported aggregate acquisition cost of approximately $63.73 billion, leaving a difference of roughly $8.2 billion based on the market price used in the calculation.
The figure is a simple market-value comparison and is not a measure of reported GAAP profit.
MSTR Extends Rebound From Last Week
MSTR closed at $126.18 on Sept. 16, down 2.64%, before rising 4.81% on Sept. 17 and another 16.39% on Sept. 18.
Monday’s premarket advance followed those two consecutive regular-session gains at the end of the previous week.
MSTRB Token Also Rises
Meanwhile, Strategy Tokenized bStocks (MSTRB) rose 9.16% to $165.12 over the previous 24 hours, according to CoinMarketCap data. Its 24-hour trading volume increased 53.81% to approximately $40 million.
CoinMarketCap also showed about 382,350 MSTRB tokens in circulation and a market capitalization of roughly $62.36 million.
MSTRB is a tokenized product linked to Strategy shares and is separate from Strategy’s Nasdaq-listed MSTR common stock. Its market data is reported on a 24-hour basis rather than the regular U.S. equity trading session used for MSTR.
Next Filing in Focus
Strategy’s next Bitcoin-related SEC disclosure will show whether Saylor’s Sunday post preceded another Bitcoin purchase.
If a new transaction is disclosed, the filing is expected to provide the number of Bitcoin acquired, the total purchase amount, and the average purchase price.
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