On July 21, Strategy rose 5.19% in regular trading, trading at $103.78/share, with turnover of $552 million. The stock rallied alongside a broad move higher in cryptocurrency-related equities, with Circle up nearly 8%, BMNR up nearly 6%, and Coinbase gaining over 3%.

The move was driven by multiple catalysts. Strategy disclosed it did not buy or sell any Bitcoin last week, alleviating market fears of further disposals after its earlier sale of 3,588 BTC in early July. The company simultaneously injected $225 million into its USD reserves, bringing the total to approximately $3.225 billion as of July 19. Additionally, the previously announced $1 billion Class A common stock repurchase program continues to provide valuation support. With the company's mNAV trading at depressed levels, bargain-hunting capital has been drawn in as the market reassesses the near-term risk of forced BTC liquidation.

(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.)