Strategy (NASDAQ:MSTR) shares jumped 12% on Friday, driven by a 2.75% rise in Bitcoin price.
Bitcoin rally followed Iran’s announcement to reopen the Strait of Hormuz contingent on a ceasefire, boosting expectations of U.S. rate cuts.
Fed Funds futures indicated roughly a 50% probability of an interest‑rate cut this year after the geopolitical development.
Vanda Research noted early signs of revived meme‑stock enthusiasm, with social‑media‑driven buying outpacing fundamentals.