Strategy Inc. (NASDAQ:MSTR) shares are jumping Wednesday as the cryptocurrency market reacts to shifting geopolitical tensions.
The stock serves as a leveraged proxy for Bitcoin (CRYPTO: BTC), which climbed 4.55% to break back above the $71,000 level.
Bitcoin Rebounds On Ceasefire News
The primary catalyst for the crypto surge follows reports that President Donald Trump announced a two-week ceasefire regarding strikes on Iran. While Tehran cautioned that “fingers are on the trigger,” the temporary truce cooled immediate geopolitical risk.
Broader Market Sentiment Shifts
U.S. equities …