Strategy (MSTR) stock jumped 12% Friday as Bitcoin (BTC) pushed past $77,000 and momentum traders piled back into speculative names.

Strategy Stock Climbs On BTC Rally

Shares of the Michael Saylor-led firm hit an intraday high of $166.85 Friday, extending gains it has built through April.

Bitcoin itself rose 2.75% on the day, briefly trading above $77,900 after Iran said the Strait of Hormuz is fully open to commercial shipping under a ceasefire framework tied to a new Israel-Lebanon truce.

The diplomatic thaw pushed Fed Fund futures to imply roughly 50% odds of a U.S. rate cut this year. President Donald Trump said the war "should be ending pretty soon," though Washington has kept a naval blockade in place pending a broader deal.

Also Read: Why Is America's Next Fed Chair Being Forced To Sell All His Crypto Before Tuesday

Saylor Buying Spree Continues

Analysts say Strategy trades as the market's cleanest Bitcoin proxy, since its balance sheet now holds 780,897 BTC after a fresh 13,927 BTC purchase earlier this week.

That roughly $1 billion buy was funded entirely through the company's STRC at-the-market stock program, at an average price near $71,902 per coin.

Vanda noted that certain shares are surging on social buzz and speculative excitement rather than fundamentals, a backdrop that tends to amplify moves in Bitcoin-correlated equities like MSTR.

Strategy's accumulation pace has steepened all year. Of the 47,435 BTC added to corporate treasuries in March, roughly 44,377 BTC came from Strategy alone, with its STRC capture rate climbing from 45% in early March to 81% last week.

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