MicroStrategy (MSTR) Skyrockets as Bitcoin Breaks $120K – Inside the Bold $70B Bitcoin Bet
MicroStrategy shares rose 6% on Oct. 1, 2025, after a favorable crypto tax ruling, trading near $355 as Bitcoin hit record highs above $120,000. The company now holds about 640,000 BTC, worth over $70 billion, and reported a record $10 billion profit in Q2 2025. Analysts expect Q3 net income around $2.9 billion. MicroStrategy rebranded as “Strategy, Inc.” in 2025 to focus on Bitcoin.