On August 20, Strategy rose 5.91% in pre-market trading, trading at $110.06/share, with turnover of $22.20 million, continuing its rebound from a recent low near $92.

On the news front, Strategy disclosed that 12 of its top 15 institutional shareholders increased their positions during Q2, with combined additions totaling $1.2 billion. Notably, Renaissance Technologies recently purchased an additional 422,881 shares worth $40.1 million, bringing its total holding to 2.55 million shares valued at $242.3 million, representing a 20% increase. The options market also reflected bullish positioning, with an $8.35 million net-credit put calendar spread indicating institutional expectations of downside support near current levels.

The stock had dropped to $92.73 on August 18 amid Bitcoin falling below $63,000 and 10-year Treasury yields approaching 5%. However, the institutional accumulation data and options flow appear to have shifted near-term sentiment, driving the pre-market recovery.

(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.)