Strategy Shares Surge Over 10% Following Major Bitcoin Acquisition

Strategy's stock experienced a significant increase of over 10% on Wednesday after the company announced a substantial purchase of Bitcoin valued at $2.54 billion. According to NS3.AI, this acquisition involved 34,164 Bitcoin, bringing Strategy's total Bitcoin holdings to 815,061 BTC, acquired at an approximate cost of $61.56 billion. Over the past month, Bitcoin's value has risen by 17%, while Strategy's stock has seen an increase of more than 32% during the same period.