Strategy (NASDAQ: MSTR) stock is up by 30% in August 2026. The stock opened trading on August 3 at $94, and it has since gained to $127 by market close on August 28.
MSTR’s gains over the last 30 days are because of two factors: Bitcoin (BTC) price recovery and the company’s rising USD reserves.
As earlier reported by CoinGape, Strategy has reduced its net leverage to 0.1% after raising enough cash to settle nearly all its debts. But the cash is coming from MSTR stock sales, which an analyst now warns weakens Strategy’s thesis as a leveraged Bitcoin play.
Analyst Warns Strategy’s Stock Sales Weaken Leveraged Bitcoin Thesis
Analyst Jeff Dorman notes that Strategy’s market-to-net-asset value, which shows whether…
