Strategy (MSTR) stock jumps as Bitcoin rallies; SEC filing details $1.25 billion buy
Strategy Inc shares jumped 6.3% to $183.94 Wednesday after the company disclosed buying 13,627 bitcoin for $1.25 billion, funded by at-the-market share sales. The firm now holds 687,410 bitcoin. Bitcoin rose 4.1% to $96,627. The U.S. Senate is set to debate draft crypto market structure legislation Thursday.