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Strategy stocks reached an all-time high thanks to Bitcoin surpassing 118,000 USD.
The Strategy stock (NASDAQ: MSTR) has just reached a new peak at around 428.57 USD, rising more than 4,000% from the record low in 2002. This strong rise comes from the aggressive Bitcoin Accumulation strategy led by CEO Michael Saylor.
Currently, Strategy holds over 200,000 BTC, causing the stock price of MSTR to fluctuate closely with Bitcoin. In the past 24 hours, MSTR stock has fluctuated between 423.50 and 438.84 USD, achieving a market capitalization of 120.43 billion USD.
The price of Bitcoin currently exceeds 118,000 USD, and if it continues to head towards the milestone of 120,000 USD, MSTR could surpass the peak of 542.99 USD. However, any adjustments of BTC will directly affect MSTR.