MicroStrategy (MSTR) Stock Skyrockets on Crypto Tax Break – Is a 50% Rally Next?
Strategy Inc. (formerly MicroStrategy) traded near $355 at midday Oct 3, up 0.8%, after closing Oct 2 at $352.33 on heavy volume and wide swings. The company reported record Q2 net income of $10 billion, driven by a $14 billion unrealized Bitcoin gain. It holds about 640,000 BTC and continues aggressive purchases. IRS guidance this week exempts its crypto gains from the new corporate minimum tax.