MSTR shares fall after brief surge as bitcoin surges over weekend

Odaily reported that the stock price of Strategy (formerly MicroStrategy) opened significantly higher on March 3, rising as much as 15% to $295.10, but later retreated and ultimately closed down nearly 2%. This volatility was influenced by investors' reaction to Trump's cryptocurrency reserve plan. On March 2, Trump announced the upcoming launch of the "American Cryptocurrency Reserve." However, Andrew Tu, the sales manager of the cryptocurrency market maker Efficient Frontier, pointed out that the plan's inclusion of and tokens was unexpected, and many key details remain unpublished, including the specific quantity the government will purchase and the source of funding. As the world's largest corporate holder of Bitcoin, Strategy currently owns 499,096 Bitcoins. Analysts believe that if the expectations of Trump's cryptocurrency reserve plan do not match the eventual implementation, the market may decline again, and macroeconomic concerns remain a potential risk.