Strategy (MSTR) Surges 25% in 5 Days as Bitcoin Price Pumps Near $79,000
Bitcoin Magazine
Strategy stock rose 25% following a major $2.54 billion Bitcoin purchase and a recovery in Bitcoin prices near $79,000.Summary
Strategy (MSTR) experienced a 25% stock increase over five days, bolstered by Bitcoin's price recovery to over $78,000. The company recently acquired 34,164 BTC for approximately $2.54 billion, making it the largest corporate holder of Bitcoin with 815,061 BTC, surpassing BlackRock. This acquisition was primarily funded by the sale of the company's preferred stock, STRC, marking a shift toward using perpetual preferred stock rather than common equity dilution for treasury expansion.
(Source：Bitcoin Magazine)