Strategy stock jumps 11% as bitcoin climbs above $72,000 after fresh buying disclosure
Strategy Inc shares jumped 11% to $147.39 Wednesday morning as bitcoin surged 7.6% to $72,743. The company disclosed it bought 3,015 bitcoin for $204.1 million, funded by recent stock and preferred share sales. Strategy raised its STRC preferred dividend rate to 11.50%, with payouts set for March 31 to holders on record March 15. Traders remain focused on dilution risk and bitcoin’s price swings.