Strategy Stock’s 16% Jump Yesterday Traces Back to a House Committee Vote.
Strategy stock climbed 16% to close at $154 on September 18, driven by developments in cryptocurrency policy and the company’s status as a leveraged Bitcoin proxy. The equity gains followed Bitcoin’s recovery above $80,000 on short covering in the derivatives market, amplified by two regulatory actions within 48 hours. On September 16, the House Financial Services Committee voted 28-21 to advance a bill establishing a federal Strategic Bitcoin Reserve with mandatory 20-year custody