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

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. 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 co...