Strategy Inc stock jumps nearly 9% on bitcoin rebound; STRC treasury buyers add a new angle
Strategy Inc shares jumped 8.9% to $135.65 at Wednesday’s close, then slipped about 1% after hours as bitcoin surged 6.7% to $68,400. A Feb. 23 filing showed Strategy sold $39.7 million in stock and used the proceeds to buy 592 bitcoin. The company held 717,722 bitcoin as of Feb. 22. Coinbase Global shares also rose 13.5%.