Strategy’s MSTR tops NASDAQ-100 with 48% gain over the past month

Strategy’s MSTR tops NASDAQ-100 with 48% gain over the past month

The Bitcoin treasury company has nearly doubled the returns of its closest competitor in the index, riding a wave of regulatory tailwinds and Bitcoin's push toward $80K.

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by Editorial Team

Strategy Inc., the company formerly known as MicroStrategy, has posted a 48% gain over the past 30 days, making it the single best performer in the entire Nasdaq-100. For context, the second-place finisher was Meta, which managed roughly 21.9% over the same period.

The stock closed at $153.92 on September 18 after surging 16.39% in a single session.

What’s driving the rally

Two forces are converging. The first is Bitcoin itself, which has been climbing toward the $80,000 level. The second is a string of regulatory developments that have given crypto-linked equities a shot of adrenaline.

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The House Financial Services Committee recently voted to advance a Strategic Bitcoin Reserve bill. Separately, the SEC granted an exemption related to tokenized stock trading.

Strategy Inc. sits squarely at that intersection. The company holds approximately 845,050 Bitcoin, acquired at an average price of roughly $75,412 per coin. The firm pivoted away from its legacy business-intelligence software operations back in 2020, and has since transformed into what amounts to a publicly traded Bitcoin treasury vehicle.

The leverage play, explained

Owning MSTR stock is not the same as owning Bitcoin. The company’s structure creates what finance types call a “high-beta equity proxy” for Bitcoin price movements. When Bitcoin goes up, MSTR tends to go up more. When Bitcoin goes down, MSTR tends to go down more.

This happens because the company uses debt and equity raises to acquire more Bitcoin, amplifying its exposure beyond what a 1:1 holding would produce. Shareholders get equity exposure to Bitcoin’s price swings without ever directly holding the cryptocurrency themselves.

At roughly 845,050 BTC and with Bitcoin approaching $80,000, Strategy’s Bitcoin stash is worth somewhere in the neighborhood of $67.6 billion at current prices. The average acquisition cost of around $75,412 per coin means the position is currently in the green.

Where MSTR fits in the broader market

Many institutional investors, whether pension funds, endowments, or mutual funds, face restrictions on holding Bitcoin directly. MSTR offers a workaround. You can gain crypto exposure through a regulated, publicly listed equity that shows up in standard brokerage accounts and index funds. No wallets, no custody headaches, no compliance officers losing sleep.

There’s also concentration risk. Strategy Inc. is, for all practical purposes, a one-asset company. Its software business still exists, but it’s a rounding error compared to the Bitcoin holdings.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
FINANCE
Strategy’s MSTR tops NASDAQ-100 with 48% gain over the past month
Strategy’s MSTR tops NASDAQ-100 with 48% gain over the past month

The Bitcoin treasury company has nearly doubled the returns of its closest competitor in the index, riding a wave of regulatory tailwinds and Bitcoin's push toward $80K.

by Editorial Team

Share

Add us on Google

Strategy Inc., the company formerly known as MicroStrategy, has posted a 48% gain over the past 30 days, making it the single best performer in the entire Nasdaq-100. For context, the second-place finisher was Meta, which managed roughly 21.9% over the same period.

The stock closed at $153.92 on September 18 after surging 16.39% in a single session.

What’s driving the rally

Two forces are converging. The first is Bitcoin itself, which has been climbing toward the $80,000 level. The second is a string of regulatory developments that have given crypto-linked equities a shot of adrenaline.

Advertisement

The House Financial Services Committee recently voted to advance a Strategic Bitcoin Reserve bill. Separately, the SEC granted an exemption related to tokenized stock trading.

Strategy Inc. sits squarely at that intersection. The company holds approximately 845,050 Bitcoin, acquired at an average price of roughly $75,412 per coin. The firm pivoted away from its legacy business-intelligence software operations back in 2020, and has since transformed into what amounts to a publicly traded Bitcoin treasury vehicle.

The leverage play, explained

Owning MSTR stock is not the same as owning Bitcoin. The company’s structure creates what finance types call a “high-beta equity proxy” for Bitcoin price movements. When Bitcoin goes up, MSTR tends to go up more. When Bitcoin goes down, MSTR tends to go down more.

This happens because the company uses debt and equity raises to acquire more Bitcoin, amplifying its exposure beyond what a 1:1 holding would produce. Shareholders get equity exposure to Bitcoin’s price swings without ever directly holding the cryptocurrency themselves.

At roughly 845,050 BTC and with Bitcoin approaching $80,000, Strategy’s Bitcoin stash is worth somewhere in the neighborhood of $67.6 billion at current prices. The average acquisition cost of around $75,412 per coin means the position is currently in the green.

Where MSTR fits in the broader market

Many institutional investors, whether pension funds, endowments, or mutual funds, face restrictions on holding Bitcoin directly. MSTR offers a workaround. You can gain crypto exposure through a regulated, publicly listed equity that shows up in standard brokerage accounts and index funds. No wallets, no custody headaches, no compliance officers losing sleep.

There’s also concentration risk. Strategy Inc. is, for all practical purposes, a one-asset company. Its software business still exists, but it’s a rounding error compared to the Bitcoin holdings.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.