Strategy’s Bitcoin treasury has returned to profit after Bitcoin’s sharp two-week recovery briefly carried the cryptocurrency above $80,000, according to CryptoSlate. The company’s common stock, MSTR, has risen faster than Bitcoin during the rebound, while preferred security STRC has moved closer to $100. Bitcoin’s recovery gained momentum after the US Treasury announced plans to expand buybacks of longer-dated government debt. The move eased pressure on bond yields and weakened the dollar, conditions that supported the cryptocurrency’s advance. The relative performance highlights how Strategy-linked securities have responded during the latest Bitcoin rally, with MSTR outperforming the underlying asset and STRC nearing the $100 level. The report did not provide additional performance figures or a separate explanation for STRC’s move.
