The company’s value milestone comes as Bitcoin continues to hover near record levels, briefly hitting $122,884 earlier this week before […]
The post Strategy Hits Record Market Cap as Bitcoin Accumulation Continues appeared first on Coindoo.
The company’s value milestone comes as Bitcoin continues to hover near record levels, briefly hitting $122,884 earlier this week before easing back.
Over the past month, MSTR shares have climbed over 21%, while Bitcoin has gained 10%. Despite this growth, the stock remains around 19% below its all-time price high of $543 set in November. Still, traders like Sean Trades suggest MSTR may be preparing for another move upward.
Fueling the rally is Strategy’s ongoing Bitcoin accumulation. In its latest SEC filing, the firm disclosed the purchase of 4,225 BTC for $472.5 million, adding to an already massive crypto treasury. Strategy has been steadily issuing stock to finance these buys, continuing its aggressive bet on Bitcoin as a corporate reserve asset.
-----Cryptonews AD----->>>
The company is also approaching a major milestone. Wednesday marked the 11th consecutive day of qualifying for the S&P 500 index, according to Strive Funds VP Jeff Walton, who previously predicted Strategy could become the top-performing public stock due to its Bitcoin exposure.
The post Strategy Hits Record Market Cap as Bitcoin Accumulation Continues appeared first on Coindoo.
Source: https://coindoo.com/strategy-hits-record-market-cap-as-bitcoin-accumulation-continues/
[ajax_load_more]
