Strategy Shares Jump 12% as Bitcoin Tops $78,000 and Flips $60.5B Profit
Strategy's stock climbed 12% intraday as Bitcoin topped $78,000, marking its highest peak since early February. The rally pushed its 781,000 BTC holdings, acquired at an average $75,577, back into a $60.5 billion profit for the first time in three months.
1. Stock Rally Details
Strategy shares surged 12% to a session peak of $173, marking the firm's best daily performance in over a month as risk appetite returned.
2. Bitcoin Holdings Back In Profit
The company holds approximately 781,000 BTC at an average cost of $75,577 per coin, and Bitcoin’s jump above $78,000 restored its digital portfolio to a $60.5 billion unrealized gain.
3. Geopolitical Catalyst
Iran’s announcement that the Strait of Hormuz is fully open eased crude supply concerns, drove oil prices lower and fueled a broader risk-on rally that lifted crypto assets.
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