Strategy shares (MSTR) climbed to their highest level in two months on Friday as bitcoin (BTC) briefly pushed as high as $79,400, while the firm's STRC preferred stock continued to recover toward its $100 target.
MSTR rose 7.5% to above $120 in early trading.
Strategy (MSTR) price chart.
Source: The Block Strategy's Variable Rate Series A Perpetual "Stretch" Preferred Stock, or STRC, also climbed above $96 for the first time since June.
The preferred, which Strategy sells to fund much of its bitcoin buys in 2026, had fallen below $70 during a selloff that raised concerns of Strategy not having enough cash on hand to be able to service its roughly 11.5% APY dividend.
