TradingKey – On September 21 US Eastern Time, Bitcoin (BTC) broke above $85,000, and Strategy (MSTR) closed up 9.47% at $168.50. In pre-market trading on September 22, as of press time, MSTR dropped about 1.51%. Starting from the September 17 closing price, MSTR gained approximately 27% cumulatively over two trading days.
[Source: TradingView]
This round of gains was mainly driven by capital inflows returning to US spot Bitcoin ETFs and short covering, while Strategy’s continued accumulation of BTC also boosted market sentiment for MSTR.
Strategy disclosed on September 21 that between September 14 and September 20, the company spent $75.7 million to purchase 950 BTC at an average purchase price of approximately $79,670. As of September 20,…
