Strategy Inc. (NASDAQ: MSTR) shares were up more than 5% in premarket trading Monday as Bitcoin climbed to its highest level in more than seven months, extending the stock’s gains from Friday’s $153.92 close.
Reuters reported that Bitcoin rose 4.3% to its highest level in more than seven months, lifting Strategy and Coinbase shares more than 5% each.
Bitcoin traded above $85,000 during Monday’s session. Strategy Executive Chairman Michael Saylor posted the company’s Bitcoin acquisition tracker on Sunday with the message, “A little more orange,” after the company had gone several weeks without reporting a new purchase.
As of 8:08 a.m. ET Monday, Strategy had not announced a fresh Bitcoin acquisition. Its latest Bitcoin-related 8-K reported no purchases or sales through Sept. 13.
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Reuters reported that Bitcoin rose 4.3% to its highest level in more than seven months, lifting Strategy and Coinbase shares more than 5% each.
Bitcoin traded above $85,000 during Monday’s session. Strategy Executive Chairman Michael Saylor posted the company’s Bitcoin acquisition tracker on Sunday with the message, “A little more orange,” after the company had gone several weeks without reporting a new purchase.
As of 8:08 a.m. ET Monday, Strategy had not announced a fresh Bitcoin acquisition. Its latest Bitcoin-related 8-K reported no purchases or sales through Sept. 13.
#CryptoNewsCommunity