Bitcoin Boom to Bust: Strategy Inc (MSTR) Stock’s Wild Ride Spurs Big Questions
MSTR Stock Rallies, Then Stumbles with Bitcoin’s Tide Shares of Strategy Inc have been on a rollercoaster in October, illustrating the tight link between MSTR and the crypto market. In the first week of “Uptober,” Bitcoin’s price burst through to record highs (~$125K–$126K) amid a wave of optimism in the crypto sector thecoinrepublic.com. MicroStrategy’s stock surged in kind – jumping about 6% on Oct. 1 alone after a favorable US tax ruling on crypto, and climbing from roughly $338 at September’s end to $355 by Oct. 3 ts2.tech ts2.tech. Trading volumes in MSTR spiked well above average during this rally