MSTR is trading at $142.72 (+4.75%) as a broad crypto market rebound lifts major crypto-treasury stocks.
- Bitcoin is up 3.57% since the last close to $71,853, while Ethereum and Solana have gained 3.53% and 4.96% respectively.
- A recent $2.1 billion preferred stock issuance on March 24 is being used to fund additional Bitcoin acquisitions, amplifying the stock's leveraged upside.
- High short interest of 14% is fueling the price action as short sellers cover positions amid the crypto-driven rally.