Why Strategy (MSTR) stock is up after-hours after its latest $2.1 billion bitcoin buy
Strategy Inc shares rose 2.3% to $163.81 after hours Wednesday, tracking bitcoin’s 1.7% rebound to $89,919. An SEC filing showed the company bought 22,305 bitcoin for $2.125 billion last week, funded by selling 10.4 million shares. Total bitcoin holdings now stand at 709,715. Investors await Strategy’s Q4 results and webcast on Feb. 5.