--- title: "Why Is Strategy Stock Surging on Wednesday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/298474666.md" description: "Strategy Inc. (MSTR) stock surged on Wednesday, driven by Bitcoin's 1.43% gain to $79,574 and a Canaccord Genuity price target raise to $179. The company also saw its limited-edition Bitcoin sneakers sell out. Strategy maintains a treasury of 845,050 BTC and recently repurchased shares while acquiring more Bitcoin. Technically, MSTR trades above key moving averages with improving momentum, though resistance remains at $149.50." datetime: "2026-09-09T14:34:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298474666.md) - [en](https://longbridge.com/en/news/298474666.md) - [zh-HK](https://longbridge.com/zh-HK/news/298474666.md) generator: "portal-rs" --- # Why Is Strategy Stock Surging on Wednesday? **Strategy Inc.** (NASDAQ:MSTR) stock rose Wednesday, driven mainly by upward momentum in **Bitcoin** (CRYPTO: BTC). Because the company acts as a massive corporate treasury for cryptocurrency, its stock functions as a leveraged proxy for digital asset markets. On Wednesday, Bitcoin traded up 1.43% at $79,574.05. Nasdaq futures are down 0.45% while S&P 500 futures have shed 0.30%. Adding to market interest, **Canaccord Genuity** maintained a Buy rating on Strategy and raised its price forecast to $179 on Tuesday. **Read Also: 'Stop Demanding Taxpayer Subsidies:' GOP Senator Slams AI Data Centers Over Water, Power and Tax** ## **Bitcoin Sneaker Sells Out** Strategy listed limited-edition Bitcoin sneakers on its official online shop Tuesday for $250. Inspired by **Nike Inc.**’s (NYSE:NKE) Air Jordan 1—which generally ranges from $110 to $185 in the U.S.—the product featured leather overlays and orange branding. The website says the item has since sold out. ## **Treasury Reserve Status** Strategy reported no Bitcoin purchases last week, maintaining its stash at 845,050 BTC acquired for $63.73 billion at an average price of roughly $75,412 per coin. The company repurchased 1.81 million shares of its **STRC** (NASDAQ:STRC) for $176.3 million using dollar reserves before ending its buying drought by acquiring 4,603 BTC for $370 million at an average price of $80,318 per coin. ## Technical Setup: 200-Day Line and Key Levels MSTR is back in a constructive trend posture on the shorter timeframes, trading above its 20-day SMA ($117.48) and 50-day SMA ($104.59), which keeps the near-term bias pointed higher as long as those averages hold. It’s also slightly above the 200-day SMA ($138.73), a level many longer-term traders treat as a "line in the sand" for trend direction. Momentum is improving: the MACD is above its signal line and the histogram is positive, which suggests downside pressure is easing and the latest upswing still has follow-through behind it. The catch is the bigger-picture damage from the prior cycle remains visible—there’s still a death cross in place (50-day SMA below the 200-day SMA, triggered in October 2025), so bulls generally want to see sustained trade above the 200-day area before calling it a full trend reset. - **Key Resistance**: $149.50 — a nearby pivot area where rebounds can stall, especially with price already extended above the 20-day and 50-day averages - **Key Support**: $118.50 — a prior buyer-defense zone that also sits near the broader cluster of shorter-term moving averages **MSTR Stock Price Activity:** Strategy shares were up 2.94% at $140.53 during premarket trading on Wednesday, according to Benzinga Pro data. **Read Also: Apple's Weird iPhone Curse: AAPL Stock Drops on Launch Day, Jumps the Next — Every Year for Almost 20 Years** *Image via Shutterstock* ### Related Stocks - [STRD.US](https://longbridge.com/en/quote/STRD.US.md) - [STRC.US](https://longbridge.com/en/quote/STRC.US.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [MSTP.US](https://longbridge.com/en/quote/MSTP.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [WNTR.US](https://longbridge.com/en/quote/WNTR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [MSTZ.US](https://longbridge.com/en/quote/MSTZ.US.md) - [MSOO.US](https://longbridge.com/en/quote/MSOO.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [SMST.US](https://longbridge.com/en/quote/SMST.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [MSTX.US](https://longbridge.com/en/quote/MSTX.US.md) - [MSTU.US](https://longbridge.com/en/quote/MSTU.US.md) - [MST.US](https://longbridge.com/en/quote/MST.US.md) - [MSTW.US](https://longbridge.com/en/quote/MSTW.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [IMST.US](https://longbridge.com/en/quote/IMST.US.md) - [MSDD.US](https://longbridge.com/en/quote/MSDD.US.md) - [MSST.US](https://longbridge.com/en/quote/MSST.US.md) - [MSTY.US](https://longbridge.com/en/quote/MSTY.US.md) - [MTYY.US](https://longbridge.com/en/quote/MTYY.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [07799.HK](https://longbridge.com/en/quote/07799.HK.md) - [09399.HK](https://longbridge.com/en/quote/09399.HK.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [NKE.US](https://longbridge.com/en/quote/NKE.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [STRF.US](https://longbridge.com/en/quote/STRF.US.md) - [STRK.US](https://longbridge.com/en/quote/STRK.US.md) ## Related News & Research - [Osmosis Took 74 Days To Discover A 40-BTC Nomic Exploit That Left Its Bitcoin-Backed Asset 36% Unbacked](https://longbridge.com/en/news/298903281.md) - [Liquid Network restarts after $320M hack, but peg-outs remain frozen — What’s happening?](https://longbridge.com/en/news/298792008.md) - [ViaBTC Partners with Mempool to Expand Access to BTC Transaction Acceleration Services](https://longbridge.com/en/news/299126618.md) - [Symbiosis says it recovered 15 BTC after Bitcoin bridge exploit, offers attacker 20% bounty](https://longbridge.com/en/news/298840279.md) - [Bitcoin whales trim holdings as retail steps in – Can BTC reclaim $80K?](https://longbridge.com/en/news/299026021.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**