Strategy Stock Nears 2025 High as Bitcoin Inches Closer to $100K
Summary
Strategy's stock (MSTR) surged, nearing its highest price this year, as Bitcoin approaches $100,000. MSTR traded above $400, close to its 2025 peak. The company, formerly MicroStrategy, will release Q1 earnings. It shifted focus in 2020 to buying Bitcoin as an inflation hedge and now holds 553,555 Bitcoin, valued at $53.5 billion. Co-founder Michael Saylor advocates for corporate Bitcoin reserves to enhance shareholder value. Bitcoin's price recently exceeded $97,000, recovering from a dip below $75,000 in April, after previously reaching nearly $109,000. Bitcoin first hit $100,000 last December.
