Strategy stock rises 7.33% as Bitcoin trades around $85,000

Strategy shares traded 7.33% higher at $165.20 at publication, according to Benzinga Pro, while Bitcoin was trading about 6% higher at around $85,000. Strategy holds approximately 845,050 Bitcoin on its corporate balance sheet, making it the world's largest corporate Bitcoin treasury and a leveraged proxy for Bitcoin's price. The value assigned to the company's stock is heavily influenced by its Bitcoin holdings, so Bitcoin moves can be magnified in Strategy's share price and affect the mark-to-market value of those holdings. The House Financial Services Committee voted 28-21 on September 16 to advance H.R. 8957, the American Reserve Modernization Act. The bill would direct the U.S. Treasury to establish a federal Strategic Bitcoin Reserve and require 20-year mandatory custody of any coins held. It would place the reserve concept in federal law rather than leave it dependent on executive action. The current reserve exists only through an executive order signed by President Donald Trump in March 2025. Supporters of the bill argue that treating seized Bitcoin as a long-term national asset instead of routinely auctioning it, as the government has historically done, would signal greater institutional legitimacy for the asset class. The bill awaits a vote by the full House of Representatives, while prediction markets have recently lowered the odds of its becoming law by 2027. Executive Chairman Michael Saylor also made weekend comments hinting at a new Bitcoin purchase after a three-week pause, increasing anticipation of an SEC filing confirming an acquisition.