The share price of companies focused on the cryptocurrency industry shot up Monday amid a surge in digital assets and other risk-on investments.
Strategy—formerly known as MicroStrategy—closed up by more than 10%, trading at $335.72 a share, Nasdaq data shows.
The software company, which trades under ‘MSTR’ ticker, is the largest corporate holder of Bitcoin. On Monday, it announced that it had surpassed more than 500,000 bitcoin in its holdings after its latest purchase. Tysons, Virginia-based MSTR said it now holds 506,137 Bitcoin valued at $44.2 billion, according to a press release. The company has been selling stock to fund its offerings.
The largest U.S. crypto exchange, Coinbase (NASDAQ: COIN) was up 7% Monday afternoon Eastern…
Apr 06 2025
