Why Strategy Stock Surged Today
Bitcoin is rallying.
Overview
Shares of Strategy (NASDAQ: MSTR) popped on Monday as the price of Bitcoin (CRYPTO: BTC) climbed above $86,000.
Image source: Getty Images.
Strategy announced today that between Sept. 14 and Sept. 20, it purchased 950 Bitcoin for $75.7 million. That brought the leading cryptocurrency treasury company's holdings to 846,000 Bitcoin, which it bought for a total of $63.8 billion, or $75,416 per coin.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.