On October 2, Strategy rose 3.33% in pre-market trading, trading at approximately $165.47 per share, with turnover of $34.69 million. The rally was driven by multiple converging bullish catalysts, including the company's record Bitcoin holdings and expectations around its MSCI index status.

Strategy recently ended a three-month buying hiatus, accumulating BTC for two consecutive weeks, bringing total holdings to 847,666 BTC — an all-time high. The company added a net 1,666 BTC this quarter, extending its streak of net BTC growth to 24 consecutive quarters. Additionally, MSCI concluded its public consultation on September 30, with results expected by October 16. JPMorgan previously estimated that if Strategy were removed from the index, it could face approximately $2.8 billion in passive fund outflows, making a favorable outcome a significant sentiment driver.

Meanwhile, a previously flagged 3,568 BTC large transfer was clarified by Arkham analysts as an internal reallocation within Fidelity's custody system rather than a sale, eliminating concerns over potential forced selling. B. Riley recently raised its price target on Strategy to $195 from $175, maintaining a Buy rating, with the analyst consensus mean target at $234.11.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)