Strategy (NASDAQ: MSTR) stock price is up by 6% today, August 21, to trade at $118 at the time of writing. MSTR stock is now up by 27% in five trading days since August 17, as the bullish sentiment across the crypto market pushes crypto stocks higher.

Bullish Crypto Market Sentiment Aids Gains for MSTR Stock

The total crypto market cap has increased from $2.1 trillion on August 19 to $2.5 trillion at the time of writing. Bitcoin (BTC) has moved above $79,000 for the first time since May 2026 and flipped Meta in market cap ranking, while Ethereum (ETH) recently touched $2,400.

These gains across the broader crypto market are pushing the prices of crypto stocks such as MSTR higher. Past trends show that the stock gains when the crypto…