MSTR

Strategy (MSTR) stock roared above $189 this morning as renewed bitcoin strength and continued corporate BTC purchases drove demand.

The Bitcoin price roared past the $96,000 level this afternoon, bringing along a fresh wave of bullish momentum after weeks of choppy, range-bound trading.

Strategy added 13,627 bitcoin for $1.25 billion last week, lifting its total holdings to 687,410 BTC as it funded the purchase through equity sales.

Strategy shares (MSTR) jumped after MSCI decided not to exclude bitcoin-heavy firms from its indexes.

MSCI has ended its review of digital asset treasury companies and opted to keep them eligible for its major indexes, allowing bitcoin-heavy firms like Strategy to remain included under existing rules.

Michael Saylor’s Strategy bought 1,286 BTC for $116 million, raising its Bitcoin holdings to 673,783 BTC and U.S. dollar reserves to $2.25 billion.

Strategy resumed its bitcoin accumulation in late December, acquiring 1,229 BTC for about $109 million at an average price of $88,568 per coin.

Strategy just raised $748 million to lift cash reserves to $2.19 billion and held its bitcoin balance steady at 671,268 BTC.

Strategy owns 3.2% of all Bitcoin, spending nearly $2 billion in the past two weeks to grow its BTC treasury to 671,268 BTC.

Exceptional opportunity in Bitcoin treasury companies: Asymmetric upside if BTC rebounds. MSTR could hit $500/share in bullish scenario.