Strategy (MSTR) Jumps 8.85% as Bitcoin Nears 5% Gain and Traders Eye Rate Cuts

On Friday, shares of Strategy (MSTR), formerly MicroStrategy, climbed 8.85% to close at $133.88 while trading between $125.76 and $135.25 on volume of about 24.6 million shares. Over the same period, Bitcoin gained nearly 5% to around $69,701 as investors reacted to U.S. inflation data and assessed the company's new STRC preferred stock dividend terms and ongoing accumulation strategy.