Strategy’s stock surged 16.39% in a single trading session, driven by its massive Bitcoin treasury of approximately 845,000 BTC worth around $69 billion. The stock closed at $153.92 after opening at $136.58, with trading volume reaching 54.67 million shares compared to a daily average of 20 to 24 million. The company’s market value stands at approximately $59 billion, below the estimated value of its Bitcoin holdings. Analysts note the strong correlation between MSTR’s performance and Bitcoin price movements, a structure that amplifies both upswings and downswings in the cryptocurrency’s price.
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