Odaily Planet Daily News Strategy (formerly MicroStrategy) opened sharply higher on March 3, pumping up 15% to $295.10 at the opening, but then fell back after reaching a high, eventually closing down nearly 2%. This Fluctuation was influenced by investors' reaction to Trump's cryptocurrency reserve plan.
Trump announced on March 2 that the US cryptocurrency reserve is about to be launched. However, Andrew Tu, sales director of the cryptocurrency market maker Efficient Frontier, pointed out that the plan includes XRP and ADA tokens unexpectedly, and many key details are still undisclosed, including the specific quantity the government will purchase and the source of funds.
As the world's largest corporate holder of Bitcoin, Strategy currently owns 499,096 bitcoins. Analysts believe that if Trump's crypto reserve plan does not meet expectations and is not implemented as expected, the market may fall again, and macroeconomic concerns remain a potential risk.
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MSTR stock price briefly soared over the weekend following a short pump in Bitcoin before falling back
Odaily Planet Daily News Strategy (formerly MicroStrategy) opened sharply higher on March 3, pumping up 15% to $295.10 at the opening, but then fell back after reaching a high, eventually closing down nearly 2%. This Fluctuation was influenced by investors' reaction to Trump's cryptocurrency reserve plan. Trump announced on March 2 that the US cryptocurrency reserve is about to be launched. However, Andrew Tu, sales director of the cryptocurrency market maker Efficient Frontier, pointed out that the plan includes XRP and ADA tokens unexpectedly, and many key details are still undisclosed, including the specific quantity the government will purchase and the source of funds. As the world's largest corporate holder of Bitcoin, Strategy currently owns 499,096 bitcoins. Analysts believe that if Trump's crypto reserve plan does not meet expectations and is not implemented as expected, the market may fall again, and macroeconomic concerns remain a potential risk.