On August 28, Strategy rose 3.17% overnight, trading at $141.81/share, with turnover of $25.44 million. The stock extended its recent rally driven by Bitcoin sustaining above the $80,000 level and pronounced bullish institutional options positioning.

On the news front, Bitcoin reclaimed the $80,000 mark for the first time since mid-May, lifting crypto-related equities broadly. Strategy's options market showed clear bullish bias, highlighted by a $2.73 million bull call spread combined with a multi-leg calendar structure betting on continued strength. The company disclosed $5.1 billion in digital asset reserves and a newly established $1.59 billion cash reserve as of August 23, providing potential ammunition for further Bitcoin accumulation. Additionally, 12 of its top 15 institutional shareholders increased positions in Q2, adding $1.2 billion in aggregate. However, MSCI is reportedly considering rules that could remove Strategy from global equity indices, posing a potential headwind to passive fund demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)