MSTR Stock On Track To Lead Weekly Gains Among Crypto Equities – Bitcoin Rally Puts $1.36B Back On Strategy’s Books

Michael Saylor’s Strategy (MSTR) extended gains in pre-market trade Friday, leading a rally among large-cap crypto-linked stocks after Bitcoin’s (BTC) move above $77,000 pushed the company’s massive Bitcoin holdings back into unrealized profit.

Bitcoin’s price gained over 6% in the last 24 hours, trading at around $77,300 at the time of writing after hitting an intra-day high of over $78,000. At a price of $77,000 per BTC, Strategy’s 840,447 BTC holdings carried roughly $1.36 billion in unrealized gains, according to BitcoinTreasuries data.

MSTR’s stock gained over 8% in pre-market trade and was the top trending ticker on Stocktwits at the time of writing. Retail sentiment around the shares improved to ‘extremely bullish’ from ‘bullish’ over the past day, and chatter increased to ‘extremely high’ from ‘high’ levels.

MSTR, BMNR Lead Weekly Crypto Stock Gains So Far

Strategy and Tom-Lee-backed BitMine Immersion Technologies (BMNR), the largest Ethereum (ETH) digital asset treasury, are on track to lead gains among large-cap crypto-linked equities this week. Both stocks have gained over 15% since Monday amid the cryptocurrency rally. Meanwhile, Robinhood Markets (HOOD) has lagged the cohort, down more than 1% so far this week.