On July 6, Strategy rose 5.67% overnight, trading at $107.79/share, with turnover of $3.55 million. The stock continues to build on a multi-day rally in crypto-linked equities, extending gains from the prior week.

The rally follows weaker-than-expected U.S. June non-farm payroll data released on July 2, which prompted markets to reprice the Federal Reserve's policy path. Short-term rate futures surged as rate hike expectations shifted from October to December, boosting risk assets including cryptocurrencies. Bitcoin traded around $61,930 on July 2, up over 3%, lifting the broader crypto equity complex. Strategy surged over 9% on July 2 alone, marking two consecutive sessions of sharp gains.

Additionally, market participants continue digesting Strategy's recently announced Digital Credit Capital Framework, which authorizes up to $1.25 billion in potential Bitcoin sales and $2 billion in share buybacks. While JPMorgan warned the pivot from perpetual buyer to potential seller adds uncertainty, near-term sentiment has been supported by improved cash reserve positioning at $2.25 billion and reduced forced-selling risk.

(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.)