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Strategy Stock Rises 9.4% on Institutional Buy, Surpasses BlackRock as Top Bitcoin Holder - News and Statistics
Shares of Strategy surged by 9.4% following an institutional investor’s purchase of 4.32 million shares worth $747 million and the company’s announcement of becoming the largest corporate holder of Bitcoin, surpassing BlackRock. Strategy now holds 815,061 BTC after acquiring an additional 34,160 coins for approximately $2.54 billion. Analysts have raised price targets for the volatile stock, which though up 13.1% year-to-date, remains significantly below its 52-week high.