The digital asset market has reached a massive turning point as a long-awaited breakout sends the world’s most aggressive corporate buyer back into the green. On Friday, Bitcoin surged past the $77,000 mark, its highest level since a brutal market crash in early February. This move acted as a massive catalyst for Strategy (MSTR), sending its stock up over 12% as the company’s multi-billion-dollar bet finally moved back into a profit zone.
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Strategy Finally Returns to Profit as Bitcoin Hits New Highs
Strategy is officially back in the green on its massive holdings. With an average purchase price of $75,577, the company had been underwater for weeks, but the latest price jump has completely reversed those losses. Strategy stock is also now trading above its 200-week moving average, which is a key long-term trend line that shows whether a company is in a healthy growth phase or a slump.
Bitcoin Smashes Through the 100-Day Price Barrier
The king of crypto has officially broken out of a two-month slump, leaving the previous fear-driven sellers in the dust.
For the first time since February, Bitcoin has decisively closed above its 100-day moving average of $74,774. This specific price level had acted like a ceiling for months, rejecting every attempt at a rally in late February and mid-March. The asset has signaled that the bulls are back in control as it cleared $76,300 and pushed all the way to $77,342.
Analysts note that this move is particularly notable because it comes after a long period of consolidation, suggesting that the next leg of the journey toward the $100,000 mark could be starting now.
Is Strategy Stock a Buy, Hold, or Sell?
According to TipRanks, Strategy (formerly known as MicroStrategy) stock has a consensus Strong Buy rating among 12 Wall Street analysts. This rating is based on a unanimous 12 Buy ratings assigned in the past three months. The average 12-month MSTR price target of $279.58 implies 67.2% upside from current levels.
