MSTR stock pops 15% following Bitcoin weekend rally
Bitcoin’s rally was triggered by President Donald Trump’s plan for a “US Crypto Reserve,” which would include BTC, ETH, SOL, XRP and other assets.
Shares of Strategy (MSTR), formerly MicroStrategy, opened sharply higher on March 3 as investors reacted to a weekend Bitcoin rally that was fueled by US President Donald Trump’s crypto reserve plans.
MSTR rose by as much as 15% to trade at $295.10, according to Yahoo Finance data. Before March 3, MSTR stock was mired in a two-week downtrend that saw it lose more than 24%.
Despite the rally, MSTR stock is still down 51% from its 2024 peak. Source: Yahoo Finance
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Author: Sam Bourgi
