Business
Strategy Stock Price Jumps
The bitcoin trade is back on. Crypto hoarder Strategy Inc.’s shares were up 6% Friday. Shares in Robinhood and Coinbase, which benefit from crypto trading, were up more than 8%.
U.S. stocks linked to cryptocurrencies soared this week after President Trump reaffirmed support for crypto-friendly legislation in a White House meeting with industry executives. The climb was bolstered by the U.S. Treasury’s surprise move to increase its buybacks of longer-dated bonds, lowering borrowing costs and dinging the dollar.
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