Shares of Strategy MSTR (previously known as MicroStrategy) rose on Monday after the company resumed buying Bitcoin. The move reversed course just a week after its first cryptocurrency sale since 2022 and provided a boost to a market that has struggled to regain momentum. The company disclosed in a filing with the US Securities and Exchange Commission that it purchased 1,550 Bitcoin between June 1 and June 7 for approximately $101.3 million. The acquisition was made at an average price of $65,332 per token. Strategy shares climbed about 5.4% during Monday’s session, while other crypto-related stocks also moved higher. Coinbase Global gained 5.7%, Robinhood Markets rose 2.7%, and stablecoin issuer Circle Internet Group added 2.5%.
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