MSTR Stock: Strategy Eyes $58 Billion Bitcoin War Chest. Be Skeptical.

MSTR Stock: Strategy Eyes $58 Billion Bitcoin War Chest. Be Skeptical.

Strategy, the biggest corporate holder of bitcoin, just filed with the SEC to raise another $44 billion through preferred and common stock offerings. The bitcoin price was essentially unmoved by Strategy's show of force, while MSTR stock rose moderately, recouping some of last week's losses. Bitcoin surged early after President Donald Trump announced a five-day ceasefire in the Iran war, but has largely moved sideways since then, despite Strategy more than doubling its planned war chest.

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