Strategy, the company once called MicroStrategy (MSTR), rose 6.9% to $111.14 on Thursday afternoon, its best price since June 18 and enough to erase a two-month slide. According to BeInCrypto, the move came as Bitcoin topped $70,000 for the first time in 78 days, while the SEC proposed Regulation Crypto Assets and the Treasury doubled long-end bond buybacks.

Strategy still holds 840,447 bitcoin at an average cost of $75,385 per coin, leaving its stack about $4.69 billion underwater at $69,803. The company also paused new bitcoin buying after raising $333.7 million last week without adding coins.