Michael Saylor’s Strategy (MSTR) saw its stock climb on Monday amid an ongoing Bitcoin BTC rally. The cryptocurrency hit $125,000 for the first time on Sunday, and is trading at $124,000 today, leading a crypto market rally. Crypto-based US stocks are all rising on today’s market, with MSTR being one of the most recognizable due to its large BTC holdings and investments. Although it’s paused on the latter this week, the company announced an unrealized gain of $3.89 billion on its digital assets in Q3 2025, along with a deferred tax expense of $1.12 billion.

Strategy has more than $74 billion in bitcoin and more than $27 billion in unrealized gains. Last week, the company also rose by over $8B in market capitalization. The US Treasury and IRS waived the company of a multi-billion dollar tax bill on its BTC holdings, which saved the company billions in potential tax liabilities. Now, with the crypto market rallying, Strategy and other crypto stock giants are climbing as well.

Strategy is up 19.6% since the beginning of the year, but at $358.78 per share, it is still trading 24.3% below its 52-week high of $473.83 from November 2024. Investors who bought $1,000 worth of Strategy’s shares 5 years ago would now be looking at an investment worth $23,912 at press time.

Also Read: Bitcoin was at $240 in 2015: Can It Replicate Its Growth By 2035?

Strategy (MSTR) shares are extremely volatile and have had 71 moves greater than 5% over the last year due to Bitcoin price swings. The latest hike further proves the close correlation between the asset and the leading BTC institutional investor. As a leveraged play on BTC, MSTR often outperforms BTC on certain timeframes, and this time around is no different. As Bitcoin continues its rally, Strategy stock will continue climbing, especially if the company resumes its Bitcoin buying spree.