Global Stock News

Strategy Stock Higher on Bitcoin-Sparked Crypto Rally

Strategy Stock Higher on Bitcoin-Sparked Crypto Rally

Bitcoin, Cryptocurrency, Digital Currency

Crypo-related stocks jumped after Bitcoin breached $86,000

Strategy (NASDAQ:MSTR) remains the world’s largest corporate holder of Bitcoin (BTC), and that’s paying off today. MSTR shares are up 4.9% to trade at $168.40 after Bitcoin breached the $86,000 level, pulling other crypto-related stocks higher as well. Plus, Citigroup reiterated a “buy” rating on Strategy and almost doubled its price target to $240 from $136. 

The brokerage bunch is leaning extremely bullish, with 17 of the…

Source link

Share this article

Scroll to Top