In the pre-market trading session on Monday, the shares of Strategy Inc. (NASDAQ:MSTR) climbed 12.6% following the surge in Bitcoin (CRYPTO: BTC). This rally was triggered by President Donald Trump’s announcement of a U.S. strategic cryptocurrency reserve.
What Happened: Strategy Inc., a major corporate Bitcoin holder witnessed an increase in share price after the cryptocurrency rebounded from its dip below $80,000 on Friday, soaring beyond $95,000 on Sunday. Ethereum (CRYPTO: ETH) also witnessed significant gains, rising above $2,500, following a 31% drop in February.
The announcement of a strategic cryptocurrency reserve by Trump, made via his Truth social account, spurred this rally. Initially, the post referenced XRP (CRYPTO: XRP), Cardano (CRYPTO: ADA), …
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