Crypto
Bitcoin Surges Past $85k, Sending MSTR and BMNR Stocks Soaring
MicroStrategy and BitMine stocks have recovered from their recent selloff as Bitcoin surpassed $85,000 and Ethereum approached $2,800. This rebound has provided additional support despite continued regulatory uncertainty.
The Senate failed to advance the CLARITY Act in a procedural vote, leaving the timing of broader market-structure legislation uncertain.
MicroStrategy strengthened its Bitcoin position by acquiring 950 BTC for approximately $75.7 million between September 14 and September 20. The company now holds 846,000 Bitcoin, representing about 4% of Bitcoin's maximum supply.