Strategy joins world’s 500 largest companies after Bitcoin purchase and share surge

  • Strategy shares rose 17.5% on Sept. 3, raising market capitalization to $57.53 billion and placing the company among the world’s 500 largest.
  • Strategy bought 4,603 Bitcoin for about $369.7 million, reported elsewhere as $370 million, while MSTR gained about 8.94% during the week.
  • Total crypto market capitalization rose 0.74% to $2.71 trillion through Sept. 4, with MSTR, CRCL, DELL, AMC and FAMI the five most-followed stocks.

Strategy shares surged 17.5% on Sept. 3 to close at $144.82, lifting the Bitcoin-focused company’s market capitalization from $47.43 billion to $57.53 billion and placing it at No. 445 globally and No. 210 in the United States. The move followed Strategy’s purchase of 4,603 Bitcoin for about $369.7 million, reported elsewhere as $370 million, bringing its holdings to 845,050 BTC; MSTR gained about 8.94% during the week. Bitcoin rose about 6% to $82,000, supported by lower yields, a weaker dollar and Federal Reserve Governor Christopher Waller’s comment that he was inclined to leave rates unchanged. Strategy also increased cash reserves by $29 million and bought back $152 million in STRC. The broader week included a 0.74% increase in total crypto market capitalization to $2.71 trillion, while MSTR, CRCL, DELL, AMC and FAMI were the five stocks users followed most closely across Bitcoin treasuries, stablecoins, AI servers and movie theaters.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.