"The move caps a volatile stretch for the stock following sharp drawdowns earlier this month. Strategy, which holds the largest bitcoin position of any public company, has seen its equity trade as a high-beta proxy for bitcoin, with gains and losses often magnified relative to spot price movements. As bitcoin pushed toward the upper end of its recent range near $97,000, MSTR followed with a rapid upside move that outpaced the broader equity market."
"The rally builds on momentum that began late last week after Strategy disclosed another large bitcoin purchase, adding more than 13,000 BTC to its balance sheet. The acquisition lifted the company's total holdings to roughly 687,000 bitcoin, reinforcing its long-stated approach of accumulating BTC through a mix of operating cash flow, equity issuance, and capital markets activity. Executive Chairman Michael Saylor has framed the strategy as a long-term bet on bitcoin as a superior store of value and a treasury reserve asset."
Strategy (MSTR) shares jumped more than 10%, briefly topping $189, as investors flowed back into its bitcoin treasury trade following recent volatility. The stock has behaved as a high‑beta proxy for bitcoin, amplifying gains and losses versus spot price moves. Strategy disclosed a purchase of over 13,000 BTC, bringing total holdings to roughly 687,000 BTC and continuing accumulation via operating cash flow, equity issuance, and capital markets. Executive Chairman Michael Saylor frames the plan as a long-term bet on bitcoin as a store of value. Insider buying and structural index decisions helped sentiment, while critics note leverage and accounting risks.
Read at Bitcoin Magazine
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