MSTR's stock price briefly soared over the weekend alongside Bitcoin's rise, then retreated.
Powered by ChatGPTOdaily Planet Daily reported that Strategy (formerly MicroStrategy) saw a significant opening surge on March 3, with shares rising by as much as 15% to $295.10, but then experienced a pullback, ultimately closing down nearly 2%. This volatility was influenced by investors' reactions to Trump's cryptocurrency reserve plan.
On March 2, Trump announced the upcoming launch of the "American Cryptocurrency Reserve." However, Andrew Tu, sales director at cryptocurrency market maker Efficient Frontier, pointed out that the inclusion of XRP and ADA tokens in the plan was surprising, and many key details remain undisclosed, including the specific amounts the government will purchase and the sources of funding.
As the world's largest corporate holder of Bitcoin, Strategy currently owns 499,096 Bitcoins. Analysts believe that if expectations for Trump's cryptocurrency reserve plan do not align with the reality of its eventual implementation, the market could see another downturn, and macroeconomic concerns remain a potential risk.