On October 2, Strategy rose 3.07% overnight, trading at approximately $165.58/share, with turnover of $31.57 million. Multiple bullish catalysts converged to push the stock higher.

On the news front, Strategy recently ended a three-month buying hiatus and accumulated BTC for two consecutive weeks, lifting total holdings to a record 847,666 BTC. The company added 1,666 BTC this quarter, extending its streak to 24 consecutive quarters of net BTC growth. Meanwhile, MSCI concluded its comment period on September 30 regarding the potential reclassification of Strategy as a non-operating company, with results expected by October 16. JPMorgan previously estimated that removal from the index could trigger approximately $2.8 billion in fund outflows. The Bitcoin Policy Institute challenged MSCI's methodology, bolstering market expectations that Strategy may retain its index position.

Additionally, an earlier market concern over a 3,568 BTC transfer was clarified by Arkham analysts as an internal reallocation within Fidelity's custody system rather than a sale, eliminating overhang fears. Citi also raised its 12-month Bitcoin price target to $113,000, citing sustained spot Bitcoin ETF inflows and growing institutional demand.

(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.)