MSTR Stock Up Nearly 13% In Monday Pre-Market: What's Going On?

In the pre-market trading session on Monday, the shares of Strategy Inc. MSTR climbed 12.6% following the surge in Bitcoin BTC/USD. This rally was triggered by President Donald Trump’s announcement of a U.S. strategic cryptocurrency reserve.

What Happened: Strategy Inc., a major corporate Bitcoin holder witnessed an increase in share price after the cryptocurrency rebounded from its dip below $80,000 on Friday, soaring beyond $95,000 on Sunday. Ethereum ETH/USD also witnessed significant gains, rising above $2,500, following a 31% drop in February.

The announcement of a strategic cryptocurrency reserve by Trump, made via his Truth social account, spurred this rally. Initially, the post referenced XRP XRP/USD, Cardano ADA/USD, and Solana SOL/USD, leading to a surge in their prices. Later, Trump declared that Bitcoin and Ethereum would play a key role in the reserve, emphasizing his preference for these two assets.

Additionally, MSTR stock also climbed in today’s pre-market trading as Michael Saylor, co-founder and Executive Chairman of Strategy announced through a post on X that the company's Bitcoin investments yielded profits of $2.6 billion in the first two months of 2025.

Why It Matters: For the past few sessions, MSTR had been on a decline following the downturn in Bitcoin prices amid tariff woes. However, the surge in the cryptocurrency underpinned the stock’s growth today.

Chris Kline, COO and Co-Founder of BitcoinIRA, told Benzinga that Trump’s announcement could “fuel cryptocurrency prices overall headed into spring.” He predicted that Bitcoin could soon reach $100,000 again and possibly hit new all-time highs later this month if the positive momentum continues. Additionally, market strategist Tom Lee had expressed optimism about Bitcoin’s long-term prospects. In a RiskReversal Podcast, he stated that he expected the trust around Bitcoin to grow over the next five years.