Michael Saylor's Strategy Just Unveiled a New Bitcoin Banking Index. Here's What That Signals for MSTR Stock.
Yahoo Finance ·
Strategy ( MSTR -2.09% ) is the largest single holder of Bitcoin on the planet. It holds almost 844,000 units of the top cryptocurrency on its balance sheet. This has worked out well at certain times. At Bitcoin's peak last October, Strategy shares had rocketed 2,300% higher over the prior five years. But since the digital asset is currently in a bear market , Strategy's stock trades 79% below its record. Despite the disappointing price action, the business continues to advance its efforts to integrate the leading cryptocurrency into the traditional financial services industry, further legitimizing the digital asset. On July 13, Strategy unveiled the Bitcoin Banking Adoption Index. Here's w hat it might mean for Strategy shares.
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