Crypto stocks rally as Bitcoin hits new record high
Crypto stocks immediately rallied, following Bitcoin hitting a new all-time high (ATH) on May 21.
MicroStrategy (MSTR), rebranded to Strategy, jumped a modest 1% since the day’s open to $423.22 within minutes of BTC hitting new record high. Founder and executive chairman Michael Saylor wrote on X, “If you’re not buying bitcoin at the all-time high, you’re leaving money on the table.”
Saylor’s enthusiasm is understandable, given the firm is the largest corporate Bitcoin holder in the world that holds 576,230 BTC on its balance sheet.
Metaplanet (OTC: MTPLF), Japan’s largest corporate holder of Bitcoin, also rose 60% since the day’s open to $16. The firm that holds 7,800 BTC appointed President Donald Trump’s son Eric…
