Strategy’s (MSTR) stock increased 15% on March 3 because Bitcoin prices rose markedly following President Trump’s US Cryptocurrency Reserve idea. The company shares hit $295.10 according to Yahoo Finance data as they rebounded from their two-week decline that destroyed 24% of their value.
Strategy has grown into the largest corporate owner of Bitcoin since starting its investment program in 2020 through acquisitions that amount to 499,096 BTC. Most investors who expect positive growth in crypto choose MSTR because it moves together with Bitcoin price.
Bitcoin Rally Fuels MSTR Surge
The company has decided not to take advantage of Bitcoin’s recent price drop during the week as it disclosed in an official message. MSTR gained substantial profits because it decided to invest in Bitcoin for the long term. The stock gained 156% over one year starting from its decision to purchase Bitcoin in August 2020.
Gautam Chhugani from Bernstein stated that Strategy will gain substantially from the US crypto reserve since Bitcoin will be its main focus. During Bitcoin’s powerful upward movement from $79,000 to more than $95,000 MSTR experienced its market rally.
On March 2 Trump launched the strategy for blockchain growth and stated he would bring Bitcoin Ethereum Solana XRP and Cardano into the national reserve. The Trump administration schedules its first White House Crypto Summit on March 7 that will examine stablecoin guidelines along with examining Bitcoin’s part in national finance.
The United States Securities and Exchange Commission Crypto Task Force talks to industry leaders about resolving regulatory problems that worry the sector.
The BTC resurgence with growing interest from institutions shows that MSTR shares gain momentum because people trust digital currencies can enter public markets. Investors will follow events from the upcoming White House meeting and further policy updates that impact the industry roadmap.
