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Barchart
Barchart
Aditya Raghunath

Strategy Stock Surges as Bitcoin Briefly Tops $80K

Bitcoin Strategy MSTR Michael Saylor Gautam Chhugani Morningstar short squeeze Crypto Yahoo Finance

Bitcoin (BTCUSD) just had one of its best weeks in months, causing the stock most tied to its fate to rally. Strategy (MSTR), the software firm-turned-Bitcoin treasury company formerly known as MicroStrategy, saw MSTR stock climb alongside the cryptocurrency this past week. The move has arrived after months of a painful drawdown that tested even the company's most loyal shareholders.

For anyone who owns MSTR stock or is thinking about buying it, the last few days offer a reminder of how tightly the stock is bound to Bitcoin's swings — in both directions. Let's take a closer look.

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