Bitcoin Surge Boosts MSTR Stock 15%

Shares of Strategy Analytics (MSTR), formerly known as MicroStrategy, surged by 15% on March 3, opening sharply higher as investors reacted to a weekend rally in Bitcoin. The rally was fueled by US President Donald Trump's announcement of a forthcoming "US Crypto Reserve," which included Bitcoin among other cryptocurrencies.

MSTR stock rose to trade at $295.10, according to market data, after being mired in a two-week downtrend that saw it lose more than 24%. Despite the rally, MSTR stock is still down 51% from its 2024 peak. Since Strategy Analytics began accumulating Bitcoin in 2020, it has largely traded as a Bitcoin proxy stock and has amassed a whopping 499,096 BTC, making it the world's largest corporate Bitcoin holder.

Strategy Analytics' aggressive buying spree in recent months has made the company one of Wall Street's top performers. MSTR stock is up 156% over the past year and has gained more than 1,800% since acquiring its first Bitcoin in August 2020. Analysts at Bernstein have identified MSTR as a big beneficiary of the Bitcoin reserve, with Bitcoin still being the lion's share of the reserve.

MSTR's rally came on the heels of a massive crypto market reversal that saw Bitcoin bounce from a low of around $79,000 to a weekend high above $95,000. President Trump's social media announcement of a forthcoming "US Crypto Reserve" was the main catalyst for the reversal. The reserve will include XRP, Solana, Cardano, Bitcoin, and Ether, among other cryptocurrencies.

The Trump administration will host the first White House crypto summit on March 7 to discuss regulations, stablecoins, and the potential role of Bitcoin in the financial system. In the meantime, the US Securities and Exchange Commission's new Crypto Task Force has met with several companies to discuss regulations and common industry pain points.