Crypto
Bitcoin Tops $80,000, Strategy Shares Surge 12% on Thursday
Strategy shares surged on Thursday after Bitcoin surpassed $80,000, rising 12.0% to $137.95 as of 11:53 ET.
The equity's gain nearly quadrupled the cryptocurrency's daily return, indicating renewed leverage in the bitcoin-treasury trade.
Strategy's (NASDAQ:MSTR) 840,447 Bitcoin holdings saw a marked value rise of approximately $1.9 billion in the session, while its common-stock market capitalization went up by around $5.2 billion.