Crypto
Strategy Inc Stock Jumps 7% on Bitcoin Acquisition and Price Surge
Strategy Inc's (MSTR) stock price surged approximately 7% during Monday's premarket session, hitting around $164 compared to Friday's closing price of $153.92.
The rally coincided with Bitcoin's impressive surge above the $85,000 mark, reaching a high of $85,166 on Monday morning, its strongest performance since January 29.
Strategy acquired 950 BTC during the September 14-20 timeframe for roughly $75.7 million, paying an average of $79,670 per coin.
This latest transaction elevated Strategy's cumulative Bitcoin holdings to 846,000 BTC, representing approximately $63.8 billion in cumulative investment.