MicroStrategy is trading 9.3% up in pre-market at $122.80 after Bitcoin gained 4.99% since the August 20 close and Ethereum rose 2.10%, reinforcing strong crypto-linked equity sentiment.
- The broader digital-asset rally followed expanded U.S. Treasury bond buybacks and renewed support for the CLARITY Act.
- More than $3 billion in crypto short liquidations contributed to the rally.
- No new company-specific announcement was identified for August 21, 2026.