Well, folks, it seems the company’s value has hit a new milestone, and it’s all thanks to Bitcoin—the digital darling that briefly flirted with the $122,884 mark earlier this week before deciding it was too fancy for the party and backed off a bit. 🕺
Over the past month, MSTR shares have climbed over 21%, while Bitcoin has gained 10%. Despite this growth, the stock remains around 19% below its all-time price high of $543 set in November. But hey, who’s counting? Traders like Sean Trades are still bullish, suggesting MSTR may be gearing up for another upward move. 📈
Fueling this rally is Strategy’s insatiable appetite for Bitcoin. In its latest SEC filing, the firm disclosed the purchase of 4,225 BTC for a cool $472.5 million, adding to an already massive crypto treasury. It’s like they’re on a Bitcoin buying spree, and they’re financing it by issuing more stock. It’s a bit like buying a house with a credit card, but hey, if it works, it works, right? 🏦💳
The company is also approaching a major milestone. Wednesday marked the 11th consecutive day of qualifying for the S&P 500 index, according to Strive Funds VP Jeff Walton, who previously predicted Strategy could become the top-performing public stock due to its Bitcoin exposure. If that happens, we might all need to start investing in Bitcoin just to keep up with the Joneses. 🏆💰
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2025-07-17 17:35