Why Strategy Stock Popped by 8% Today

Strategy (MSTR 7.76%), formerly known as MicroStrategy, the onetime tech company that pivoted hard into effectively becoming an institutional Bitcoin (BTC 3.22%) investor, easily surmounted the hump of Hump Day. The company's shares closed the day almost 8% higher in price, thanks to (unsurprisingly) an increase in the digital coin's value, on general optimism for its future. As ever, Strategy and its leader Michael Saylor continue to buy more of their beloved asset. The company hasn't updated its holdings ...