The panic that followed the announcement of tariffs on the day of President Trump’s release continues to decline as the average of Bitcoin (BTC) and major US stocks has skyrocketed.
Bitcoin at the time of press was just above $97,000 for the first time in nearly 10 weeks, up 3.3% over the last 24 hours and 14% since the release date. Today, with a profit of 2%, Nasdaq has since risen about 1%. Today, 1% ahead of the S&P 500, the S&P 500 returned to that level just before the event in early April.
“I know there’s a guy somewhere around and lives a life of zen-like contemplation like a cabin. I’m going to evaluate my monthly portfolio and refuse to check out news that I have no reason to believe something happened in April.”
Michael Saylor’s strategy is once again a hot name
After plunging around 55% from its November high to around $235 in mid-April, Strategy (MSTR) has particularly enjoyed rebounding, winning a new yearly high 400 minutes ago.
Some people are calling attention. “They don’t usually ring the bells at the top,” writes Quin Thompson, founder of Towker Capital, in response to the Jeff Park post, celebrating MSTR’s longest winning streak since November 2023.
The strategy posted the results for the first quarter after the market closed on Thursday, and the company used the last of its $21 billion common stock sales program in the market with its Bitcoin purchase last week.
Will the company announce a fresh mammoth equity offer to add more to its $53 billion Bitcoin stack? Executive Chairman Michael Saylor hinted at something probably in the work, urging X-followers to tune in to their revenue calls. Thompson ponders the same, hoping that Saylor will be “one” the company’s previous products.
