Strategy Shares Surge Over 10% as $60.5B Bitcoin Treasury Returns to Profit
Strategy shares rallied over 10% intraday to their highest since mid-January after Bitcoin’s 4.1% climb invalidated a seven-month descending resistance trendline. That move flipped the firm’s 781,000-coin treasury, valued at $60.5B at an average cost of $75,577, back into profit for the first time in three months.
1. Geopolitical Catalyst Spurs Bitcoin Rally
Iran’s declaration that the Strait of Hormuz is fully open to commercial shipments triggered oil prices to tumble and drove investors back into risk assets, lifting Bitcoin 4.1% and breaking a seven-month descending resistance trendline.
2. Strategy’s Treasury Flips to Profit
The Tysons Corner firm holds roughly 781,000 BTC at an average cost of $75,577, and the recent crypto rally pushed its $60.5 billion digital treasury back into the black for the first time in three months.
3. Stock Reaction and Technical Outlook
Shares surged over 10% to their strongest level since mid-January, underscoring sensitivity to broader risk sentiment; however, a lingering 50/200-day exponential moving average death cross indicates bulls need sustained gains to confirm a lasting uptrend.