Crypto-linked equities, including MicroStrategy (MSTR), gained in after-hours trading. This followed the Bank of Japan’s decision to raise its benchmark interest rate, an action that appeared to stabilize the cryptocurrency market after recent volatility.
The Bank of Japan moved the rate to 0.75%. This marks the highest benchmark interest rate since 1995.
In reaction, MicroStrategy's stock saw a modest 0.62% increase in after-hours trading on Thursday.
The stock's movement correlated directly with Bitcoin, which steadied near $87,000. MSTR's performance underscores its sensitivity to broader crypto market sentiment and macroeconomic events that influence risk assets.