Michael Saylor’s Strategy (MSTR) extended gains in pre-market trade Friday, leading a rally among large-cap crypto-linked stocks after Bitcoin’s (BTC) move above $77,000 pushed the company’s massive Bitcoin holdings back into unrealized profit.

Bitcoin’s price gained over 6% in the last 24 hours, trading at around $77,300 at the time of writing after hitting an intra-day high of over $78,000. At a price of $77,000 per BTC, Strategy’s 840,447 BTC holdings carried roughly $1.36 billion in unrealized gains, according to BitcoinTreasuries data.

MSTR’s stock gained over 8% in pre-market trade and was the top trending ticker on Stocktwits at the time of writing. Retail sentiment around the shares improved to ‘extremely bullish’…