New York, January 30, 2026, 17:40 EST — After-hours
- Strategy Inc shares closed up 4.6% and ticked higher after the bell
- Bitcoin steadied late Friday after sliding to a two-month low earlier in the day
- Investors now look to Feb. 5 results for any change in the company’s crypto playbook
Strategy Inc (MSTR) shares rose sharply on Friday, snapping back from a steep drop a day earlier as traders weighed fresh pressure on bitcoin. The stock closed up 4.6% at $149.71 and was last up about 0.1% at $149.90 in after-hours trade. (StockAnalysis)
The move matters because Strategy has become one of the equity market’s most liquid ways to take a view on bitcoin without holding the token. That link has made the stock jumpy as rates, the dollar and risk appetite swing on policy news.
Bitcoin was last down about 0.4% near $83,900, after sliding earlier to around $82,300, its lowest in about two months. “You’re pulling the rug out from under liquidity,” said Damien Boey of Wilson Asset Management. (Reuters)
The slide came after Donald Trump nominated Kevin Warsh to lead the Federal Reserve, replacing Jerome Powell when his term ends in May. “He was the least dovish among the four candidates,” said Angelo Kourkafas at Edward Jones. (Reuters)
Strategy’s rally on Friday followed a bruising session on Thursday, when the stock sank nearly 10% as crypto prices slid and broader markets turned defensive. The stock’s day-to-day swings have repeatedly outpaced the moves in bitcoin.
Other crypto-linked stocks were mixed to lower on Friday. Coinbase Global fell about 2.2%, while miners Marathon Digital and Riot Platforms dropped roughly 3.5% and 8.7%.
Strategy, formerly MicroStrategy, still sells enterprise analytics software. But it has recast itself around a bitcoin-heavy treasury approach and says it raises money through equity and debt financings to buy more of the cryptocurrency. (Strategy)
But that setup can cut both ways. If bitcoin extends its slide or funding markets tighten, the company could face higher costs to raise fresh cash — and the stock can get hit hard when traders rush for the exits.
The next catalyst is close on the calendar. Strategy said it will report fourth-quarter 2025 results after U.S. markets close on Feb. 5 and host a webcast at 5 p.m. ET. (Strategy)
Between now and Monday’s open, traders will be watching weekend moves in bitcoin and any follow-through in extended-hours trade for MSTR.
