Bitcoin Reclaims $60K as MSTR, STRC Surge on Inflation Hopes and Treasury Moves
Bitcoin is back above $60,000, fueled by Fed commentary suggesting inflation may be cooling. This macro shift is boosting risk assets, with MSTR and STRC shares jumping over 10% as leveraged proxies.
Bitcoin clawed its way back above $60,000 today, shaking off recent turbulence. Federal Reserve Chair Kevin Warsh's remarks hinting at moderating inflation threats gave the market a much-needed shot in the arm. Bitcoin traded near $60,171, up 2.7% as U.S. stocks climbed and the dollar weakened, a classic risk-on signal.
This relief rally is hitting Bitcoin treasury companies even harder. MicroStrategy (MSTR) shares jumped nearly 7.5% with intraday highs of 13%, while Strive (ASST) also surged over 10%. These stocks act as leveraged plays on Bitcoin's price action.
Strive has been steadily building its BTC treasury, now exceeding 16,000 coins, and its stock has climbed over 100% in three months.
Meanwhile, MicroStrategy unveiled a new Digital Credit Capital Framework, boosting preferred share dividends and authorizing significant buybacks. Crucially, they've established a bitcoin monetization program, allowing limited BTC sales for corporate needs while reaffirming Bitcoin as their primary treasury asset.