Bitcoin (BTCUSD) just had one of its best weeks in months, causing the stock most tied to its fate to rally. Strategy (MSTR), the software firm-turned-Bitcoin treasury company formerly known as MicroStrategy, saw MSTR stock climb alongside the cryptocurrency this past week. The move has arrived after months of a painful drawdown that tested even the company's most loyal shareholders.
For anyone who owns MSTR stock or is thinking about buying it, the last few days offer a reminder of how tightly the stock is bound to Bitcoin's swings — in both directions. Let's take a closer look.
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For anyone who owns MSTR stock or is thinking about buying it, the last few days offer a reminder of how tightly the stock is bound to Bitcoin's swings — in both directions. Let's take a closer look.
Wu-Tang Clan Member Raekwon Is a Palantir 'OG,' Visiting Headquarters 16 Years After Receiving His Custom PLTR Jacket
Tesla Stock Could Benefit as Trump Locks Down the U.S. Power Grid
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#Stock #tesla #strategy
2 months ago
