Strategy shares break through $120 and hit a two-month high, STRC returns above $96

Comparative news, according to MSX.COM data, Bitcoin treasury company Strategy (MSTR) stock rose to a two-month high today as the Bitcoin price briefly surpassed $79,400. It once broke through $120 intraday, then partially regained its gains.

Meanwhile, the price of STRC, Strategy's preferred stock product, also surpassed $96 for the first time since June. Previously, STRC's price once fell below $70 due to concerns about its ability to pay dividends and the ability of the stock price to maintain the $100 target for a long time.

Recently, Strategy has continued to manage balance sheets through capital operations, including using MSTR stock issuance funds to support repurchases of preferred shares, dividend payments, and US dollar reserve construction. The company previously disclosed that as of mid-August, its Bitcoin holdings were about 840,447, while the US dollar reserves reached about $4.8 billion.

Market participants believe that as the price of Bitcoin rebounds and investors' risk appetite improves, Strategy related securities have recently received repricing opportunities. However, the future performance of MSTR and STRC is still highly dependent on Bitcoin price trends and the continued implementation of the company's Bitcoin treasury strategy.