The company’s stock price focused on the cryptocurrency industry, which was shot Monday amid a surge in digital assets and other risk-on investments.
According to data from NASDAQ, it is officially known as Strategy – MicroStrategy.
The software company trading under the “MSTR” ticker is Bitcoin’s largest corporate holder. On Monday, it announced that it had exceeded 500,000 Bitcoin in its holdings since its latest purchase. According to a press release, MSTR, based in Tysons, Virginia, currently owns $44.2 billion in 506,137 Bitcoin. The company sells stocks to fund its offering.
Coinbase (NASDAQ:COIN), the largest US crypto exchange, rose 7% east time on Monday afternoon, with a price of $203.
Elsewhere, major public Bitcoin mining companies have also risen. Low-carbon electric miner CleanSpark (CLSK) changed hands for $8.79, over 18% Monday afternoon. Riot Platforms (Riot) jumped nearly 10% to a price of $9.69. And Mara Holdings (Mara) recently rose 18% and was at a price of $14.61 per share.
US stocks traded higher on Monday after the White House eased its aggressive stance on hitting trading partners with tariffs and showed other macroeconomic signs were heading in a favorable direction over the past few days. The high-tech Nasdaq rose 2.2% on Monday.
Bitcoin, the largest crypto of market capitalization, recently rose 2.2% to around $87,350 in the last 24 hours, according to data provider Coingecko. Ethereum and Solana had risen by more than 4% and 6% respectively over the same period.
Earlier this month, the widely viewed measure of inflation, the Consumer Price Index, arrived slightly below forecast, encouraging markets that were worried about price increases and the outlook for stagnant growth.
US President Donald Trump’s tariffs on Mexico, China and Canada play a prominent role in these concerns, undermining the positive impact of encrypted policies.
Bitcoin has hit a new all-time high of over $108,000 after taking office at the inauguration.
Trump has cut regulations and announced the creation of a special Bitcoin Reserve.
Edited by James Rubin
