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MicroStrategy (MSTR) stock surged 10% on March 3, fueled by Bitcoin’s weekend rally following President Donald Trump’s announcement of a U.S. crypto reserve.
Shares of Strategy (formerly MicroStrategy) opened sharply higher, climbing as much as 10% to $295.
The rally came after Bitcoin rebounded above $90,000, as Trump revealed plans for a U.S. Crypto Reserve that would include Bitcoin, Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).
Despite Monday’s surge, MSTR stock remains down 51% from its 2024 peak and had been stuck in a two-week downtrend, losing over 24% before rebounding.
MSTR’s Bitcoin bet pays off
Since 2020, Strategy has positioned itself as a Bitcoin proxy stock, accumulating 499,096 BTC — the largest corporate Bitcoin holding in the world.
While the company has aggressively purchased Bitcoin over the years, it did not buy the dip last week, nor did it sell any shares between Feb. 24 and March 2, as disclosed in a company filing.
Michael Saylor, Strategy’s executive chairman, said, “As of 3/2/2025, we hodl 499,096 BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin.”
Trump sparks market rebound
Bitcoin’s rally came after Trump’s March 2 post, in which he declared that a U.S. Crypto Reserve would help the industry recover from what he called “years of corrupt attacks by the Biden administration.”
The announcement sent Bitcoin soaring over 10% to $94,000, while Ethereum climbed 13% past $2,500. Altcoins like XRP, ADA, and SOL spiked over 20%.
Trump’s administration will also host the first White House Crypto Summit on March 7, where industry leaders will discuss regulations, stablecoins, and Bitcoin’s potential role in the financial system.
Analysts bullish on MSTR’s future
With Bitcoin set to be the “lion’s share” of Trump’s proposed reserve, analysts see MSTR as a big winner.
“In our view, a big beneficiary of the Bitcoin reserve is MSTR,” said Bernstein analyst Gautam Chhugani in a note to clients.
He noted that MSTR’s massive 499K BTC holding (worth ~$47 billion) gives it a unique position in the market.
“This would further open up capital market access for MSTR and hyper-scale its Bitcoin strategy,” Chhugani added.
Saylor echoed this sentiment on CNBC’s Money Movers, saying, “There’s no way to interpret this other than this is bullish for Bitcoin and the entire U.S. crypto industry.”