Strategy Stock Outpaces Bitcoin With 25% Monthly Gain as Market Watches for BTC Bottom

Strategy, formerly MicroStrategy, holds large amounts of Bitcoin on its balance sheet, making MSTR shares a proxy for market risk appetite. When the stock outperforms direct Bitcoin holdings, it typically reflects investors’ assessment of the company’s leverage and financing capacity alongside the crypto market. The comparison is therefore used to gauge whether BTC may be nearing a cyclical bottom.

As of July 20, 2026, Strategy shares had gained 25% over the preceding month, outperforming Bitcoin. The related report did not provide MSTR’s starting or ending price, Bitcoin’s return or the value of any additional Bitcoin purchases. The market is watching whether the relative strength can persist, but one month of stock outperformance is not enough to confirm that BTC has bottomed.