Crypto
Strategy Shares Rebound Above $100 Amid Bitcoin Price Volatility
Strategy Inc (NASDAQ:MSTR) saw its shares rise back above $100 after gaining 3.3% on Friday, following a week marked by significant capital activity.
The company's gross Bitcoin per diluted share was calculated at just 0.3% higher compared to March 31, with the difference being significant as management uses this figure to evaluate if Bitcoin acquisitions benefit common shareholders.
In June, Strategy's calculated BPS increased by 4.8%, but through August 2, it declined 4.3%. This resulted in a 0.5% decrease in Bitcoin holdings and a 4.3% increase in basic shares.