Strategy shares jumped 12.15% on Wednesday to about $103.76 after briefly reaching $106.90, while Bitcoin gained 5.59% and traded near $68,297 after moving from below $65,000 to almost $70,000. MSTR began the session at $94.54, with 33.85 million shares changing hands. The rally followed months of declines from about $190 in May toward $90, leaving the stock well below its earlier levels. Strategy owns 840,447 Bitcoin, making MSTR a vehicle for stock-market investors seeking Bitcoin exposure without buying the asset directly and amplifying Bitcoin-related moves in both directions. Michael Saylor has warned shareholders to prepare for potentially difficult years and suggested that common-stock investors may need to consider a timeline of as long as 10 years. Between August 3 and 9, Strategy sold 1,690 Bitcoin for $108.6 million to repurchase STRC preferred shares. The company separately raised $653.1 million through MSTR share sales and increased its dollar reserve to $4.65 billion. At Wednesday's Bitcoin price, its remaining Bitcoin holdings were worth roughly $57.4 billion, compared with $63.36 billion spent on purchases. The earlier Bitcoin decline and Strategy's increasingly complex financing structure continue to weigh on the investment case.