Strategy shares (MSTR), former microstrategy, opened higher on March 3 as investors react to a weekend bitcoin rally that has been filed by US Crypto Reserve Reserve Plans Donald Trump.
MSTR rose almost 15% to trade at $ 295.10, according to Yahoo financial data. Prior to March 3, the MSTR stock was mired in a two -week downtrend who saw it lost more than 24%.
Despite the rally, the MSTR stock still dropped 51% from the 2024 peak. Source: Finance of Yahoo
Since the approach began to accumulate bitcoin (Btc) In 2020, it was largely exchanged as a stock of bitcoin proxy. The company has since combined with a 499,096 BTC, making it the largest corporate holder held by Bitcoin worldwide.
Despite this aggressive purchase of spree In recent months, the strategy did not buy Bitcoin Dip last week, the company Says.
Strategy’s Bitcoin Gambit made the company one of Wall Street’s leading performers. The MSTR stock has reached 156% last year and gained more than 1,800% since its first bitcoin was obtained in August 2020.
“In our view, a huge Bitcoin Reserve beneficiary (Bitcoin will be part of the lion’s reserve) is MSTR,” Says Bepended from Bolst Coccia Sat.
Related: Saylor’s strategy suggests $ 2B a changing note that offers to buy more bitcoin
President Trump Fuels Market bounces
MSTR’s rally came to the heel of a massive crypto market reversal who saw Bitcoin Bounce from a low around $ 79,000 on a weekend high at $ 95,000.
President Trump’s social media announcement of an upcoming “US Crypto Reserve” is the main catalyst for upside down.
On March 2, the President said the US Crypto Reserve would “raise the critical industry after years of corrupt biden administration.” He said it would include XRP (XRP), Solana (Sol), Cardano (Ada), Bitcoin and ether (Eth).
Source: David Sacks
The Trump administration will take -Host at first White House Crypto Summit On March 7 to discuss the regulations, the stablecoins and the potential role of Bitcoin in the financial system.
Meanwhile, the US Securities and Exchange Commission’s New Crypto Task Force have been identified with many companies to discuss regulations and common disease points in the industry.
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