MSTR Stock Price Forecast as Options Frenzy Builds After Strategy Overtakes Nasdaq in Market Cap

Strategy (NASDAQ: MSTR) stock price rallied by 17.5% on September 3, to close trading at $144. The gains occurred amid a recovery across the broader crypto market, with Bitcoin (BTC) price touching $80,000. The 17% rally also led to Strategy overtaking several large-cap companies, including Nasdaq Inc, by market cap.

Strategy Leads Crypto Stock Gains

Most crypto stocks closed higher on September 3 after dovish comments by Fed governor Christopher Waller reduced the odds of the Federal Reserve hiking interest rates.

Coinbase shares jumped 10% while Circle stock gained by 16%. Robinhood shares also recorded a 16% gain. Strategy shares recorded the biggest gain of 17%, with this being the biggest single-day gain recorded by the crypto stock since February 2026.

MSTR also outperformed all other stocks with a market cap of more than $1 billion. These gains pushed the company’s market cap to more than $57 billion, with the company overtaking Nasdaq, Bayer, and Sumitomo in ranking.

Analyst Amit on X also notes that MSTR had the sixth most active options market on September 3, with 925,000 contracts being traded. These options contracts were higher than the 806,000 contracts for $1.08 trillion company Micron.

Strategy’s gains coincided with a surge in crypto prices, with the total crypto market cap rising by 3.41% to $2.71 trillion,

Phong Le Says Strategy Has Outperformed Bitcoin

The recent 17% gain recorded by MSTR stock on September 3 coincided with bullish remarks from the company’s CEO, Phong Le, who opined that the shares have performed better than Bitcoin.

In a recent interview, Le noted that Strategy was created to “beat Bitcoin,” and it has achieved this purpose because BTC has returned 35% each year while MSTR has returned between 47% and 50%.

His remarks come days after Strategy purchased an additional $370 million worth of Bitcoin, as earlier reported by CoinGape. The company now holds 845,050 BTC that is valued at $68.42 billion. These coins are sitting on an unrealized profit of $4.45 billion.

MSTR Stock Price Soars to 3-Month High, Bulls Target $177

MSTR stock price closed at its highest price since June 2 at $144. The move to $144 occurred after a confirmed breakout above the resistance of $119. MSTR stock has also moved above the middle Bollinger band of $126, suggesting that the trend has flipped bullish.

The widening bands also suggest that the MSTR stock price is facing a surge in volatility, and a big move is about to occur.

If the gains continue, Strategy shares could test the resistance at $177. If it closes above this resistance, MSTR could reach the upper Bollinger band of $193.

The weekly RSI reading of 53 also suggests that the momentum is now favoring bulls. The RSI line is also making a higher high as bulls tighten their grip.

Still, MSTR’s gains are dependent on the broader crypto market gaining. If Bitcoin slips because of profit-taking from short-term holders, MSTR stock could drop to test the support at $119.