Shares of Strategy (MSTR), formerly known as MicroStrategy, saw a significant jump at the start of trading on March 3. Investors were clearly energized by the weekend Bitcoin rally, which itself was sparked by news of US President Donald Trump’s crypto reserve plans.

According to Yahoo Finance, MSTR shares surged by as much as 15%, reaching a high of $295.10. This positive movement is a notable shift from the stock’s recent performance. Leading up to March 3rd, MSTR had been experiencing a two-week downturn, losing over 24% of its value.

Ever since Strategy began strategically investing in Bitcoin back in 2020, its stock performance has been closely tied to the cryptocurrency’s price. The company’s Bitcoin holdings have since grown to an impressive 499,096 BTC, making them the largest corporate holder of Bitcoin worldwide.

Interestingly, despite their consistent Bitcoin accumulation in recent months, Strategy revealed that they did not capitalize on the dip in Bitcoin prices last week, as stated in a company announcement.

However, Strategy’s strong bet on Bitcoin has undeniably paid off, establishing the company as a standout performer on Wall Street. Over the past year, MSTR stock has jumped 156%, and since their initial Bitcoin purchase in August 2020, the stock has skyrocketed by over 1,800%.

According to Bernstein analyst Gautam Chhugani, “In our view, MSTR is set to be a major beneficiary of the Bitcoin reserve initiative (with Bitcoin expected to remain the dominant asset within the reserve).” He noted this observation in light of recent market developments.

President Trump fuels market rebound

The rally in MSTR shares followed a significant rebound across the crypto market. Bitcoin, for example, bounced back from a low of around $79,000 to reach a weekend peak above $95,000.

The primary catalyst for this positive shift seems to be President Trump’s announcement on social media regarding a forthcoming “US Crypto Reserve.”

On March 2nd, the president declared that this US crypto reserve would aim to “elevate this critical industry after years of corrupt attacks by the Biden administration.” He specified that it would include a mix of prominent cryptocurrencies: XRP

Looking ahead, the Trump administration is scheduled to host its first-ever White House crypto summit on March 7th. The summit will focus on key topics such as crypto regulations, stablecoins, and the potential integration of Bitcoin within the existing financial system.

In the meantime, the newly established Crypto Task Force at the US Securities and Exchange Commission has been proactively engaging with various companies. These discussions center on navigating current regulations and addressing common challenges faced by the crypto industry.