Strategy Inc. (NASDAQ:MSTR) shares are trending upward in Friday’s premarket session. The move follows a recovery in Bitcoin (CRYPTO: BTC) prices.
The digital asset climbed 3.22% over the last 24 hours to trade at $72,180.87. Nasdaq futures are up 0.18% while S&P 500 futures have gained 0.21%.
Massive Bitcoin Acquisition Boosts Sentiment
Investor confidence grew following Strategy’s last week’s $1.28 billion Bitcoin purchase. The company acquired 17,994 BTC at an average price of $70,946. This marks the firm’s 11th consecutive week of accumulation.
Strategy now holds Bitcoin valued at $52.65 billion, exceeding its $47 billion market valuation.
Executive Chairman Michael Saylor commented on the price action via X on Thursday evening. …