Strategy stock surges 12% as Bitcoin climbs back above $68,000

Strategy stock (MSTR) rose more than 12% to $104.07 after reaching an intraday high of $106.50, as Bitcoin climbed about 6% back above $68,000 for the first time since June. Ethereum gained 8%, Solana rose 7% and XRP added 4%, according to CoinGecko data from August 19 at 23:39 IST. The rally followed the U.S. Treasury’s plan to increase long-term bond buybacks and raise the minimum size of each operation to $4 billion from September. Treasury yields fell, with the 30-year yield at about 5.2% and the 10-year yield moving toward 4.65%, while the dollar weakened around 0.8%. Crypto executives were also expected to meet President Donald Trump at the White House to discuss market-structure legislation, including the CLARITY Act, which would divide regulatory responsibilities between the SEC (U.S. securities regulator) and CFTC (U.S. derivatives regulator). Strategy said it raised $333.7 million by selling about 3.46 million MSTR shares between August 10 and August 16, without buying or selling Bitcoin. Its holdings remained at 840,447 BTC, acquired for about $63.36 billion at an average price of $75,385 per BTC, while its U.S. dollar reserve stood at about $4.80 billion as of Aug. 16.

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Strategy stock surges 12% as Bitcoin climbs back above $68,000 - CoinPost Terminal