Investor appetite for crypto and related stocks revived on Monday, with bitcoin BTCUSD pushing past the $85K level and ethereum
ETH breaking above $2.75K, as crypto treasury companies added more digital assets to their balance sheets.
Notably, Michael Saylor’s Strategy MSTR purchased its first bitcoin since August, according to its weekly disclosure. The firm bought 950 bitcoin
BTCUSD at an average price of $79,670 per token in the past week, totaling $75.7M. That’s the first purchase it made in more than two weeks, as its previous one was in the week ended Aug. 30.
Strategy MSTR stock jumped 8.8% by early Monday afternoon, while its Strategy variable rate series A perpetual Stretch preferred stock
STRC rose only 0.5%.
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