Strategy Inc (MSTR) stock rebounds 26% as bitcoin steadies near $71,000 — what traders watch next
Strategy Inc shares jumped 26.1% Friday to $134.93, recovering from a 17.1% drop the day before as bitcoin rebounded above $70,000. The company holds 713,502 bitcoins, bought at an average of $76,052 each. Bitcoin traded near $70,864 early Sunday after swinging from $60,018 to over $70,000 on Friday. Options markets showed heavy demand for downside protection ahead of the Feb. 27 expiry.