What Happened?
Shares of bitcoin development company Strategy (NASDAQ:MSTR) jumped in the morning session after the price of Bitcoin, a key asset for the company, experienced notable gains. MicroStrategy's stock performance was closely linked to the cryptocurrency market because the company held a large amount of Bitcoin. The digital currency traded around the $88,000 level following recent gains and weeks of fluctuations. Although it showed upward momentum, Bitcoin met resistance near the $90,000 mark. The price touched $89,893 before it started to decrease, but the overall positive trend appeared to lift investor sentiment for the software company.
After the initial pop the shares cooled down to $167.67, up 1.5% from previous close.
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What Is The Market Telling Us
Strategy’s shares are extremely volatile and have had 59 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 3 days ago when the stock gained 4.8% on the news that the price of Bitcoin rose, boosting sentiment for crypto-related stocks. As one of the largest corporate holders of the cryptocurrency, Strategy's valuation was closely tied to its price movements. Bitcoin held near $87,000, up nearly 1.9% on the day.
Strategy is down 44.1% since the beginning of the year, and at $167.67 per share, it is trading 63.2% below its 52-week high of $455.90 from July 2025. Investors who bought $1,000 worth of Strategy’s shares 5 years ago would now be looking at an investment worth $5,059.
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