MSTR shares fall after brief surge as bitcoin surges over weekend

Odaily Planet Daily News Strategy (formerly MicroStrategy) shares opened sharply higher on March 3, rising 15% to $295.10, but then fell back and finally closed down nearly 2%. This volatility was affected by investors' reaction to Trump's cryptocurrency reserve plan. Trump announced on March 2 that he would launch the "US Cryptocurrency Reserve". However, Andrew Tu, head of sales at crypto market maker Efficient Frontier, pointed out that the plan's inclusion of XRP and ADA tokens was unexpected, and many key details have not yet been announced, including the specific amount the government will purchase and the source of funds. As the world's largest corporate Bitcoin holder, Strategy currently owns 499,096 Bitcoins. Analysts believe that if Trump's expectations for the crypto reserve plan do not match the reality of the final implementation, the market may fall back again, and macroeconomic concerns remain a potential risk.