Bitcoin Soars Past $85,000, Boosting Strategy Inc.'s Shares
Strategy Inc.'s (NASDAQ: MSTR) shares rose over 5% in premarket trading on Monday as Bitcoin reached its highest level in more than seven months. The cryptocurrency surged 4.3% to above $85,000 during the session.
Strategy Executive Chairman Michael Saylor had hinted at a potential new purchase of Bitcoin by posting the company's acquisition tracker on Sunday with the message 'A little more orange.'
The latest data from Strategy shows that the company holds 845,050 Bitcoin, acquired for approximately $63.73 billion. With Bitcoin now trading above $85,000, Strategy's holdings would be worth about $71.9 billion, resulting in a difference of around $8.2 billion compared to its reported acquisition cost.
Strategy Tokenized bStocks (MSTRB) also rose 9.16% to $165.12 over the previous 24 hours, with a market capitalization of approximately $62.36 million and about 382,350 tokens in circulation.