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Strategy (MSTR) shares surged approximately 12% on Aug. 27, driven by Bitcoin (BTCUSD) climbing back above the $80,000 mark.
This price action reversed a paper loss of roughly $13 billion that the company recorded in late June when Bitcoin fell to about $58,000.
The recovery has reignited debate among Wall Street analysts regarding the sustainability of Strategy's premium valuation, with recent price target adjustments highlighting a significant divergence in sentiment.
The stock's performance is inextricably linked to the spread between its share price and the market value of its Bitcoin holdings.
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