MSTR Stock Outpaces ASST, BMNR Despite Bitcoin Buying Pause While Peers Keep Accumulating

Shares of Strategy (MSTR) outperformed Strive (ASST) and Bitmine Immersion Technologies (BMNR) in pre-market trade on Monday even after executive chairman Michael Saylor announced that the company is hitting pause on any new Bitcoin (BTC) buys for the week.

“No buys this week, Back to work next week,” Saylor said in the post on X. Meanwhile, Vivek Ramaswamy-backed Strive announced it had reached a balance of 15,000 Bitcoin after buying 444 BTC for around $33.9 million at an average cost of $76,307 per token.

Tom Lee-backed Bitmine announced it acquired 101,745 Ethereum (ETH) as its weekly buys continue to ramp up towards its goal of “the alchemy of 5%.” The company has an aim of acquiring 5% of Ethereum’s total circulating supply. It is currently 86% of the way there, owning around 4.29% of the supply.

MSTR’s stock gained as much as 2.2% in pre-market trade, while ASST’s stock rose around 1% and BMNR’s stock climbed 1.4%. 

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Read also: CRCL, COIN, MSTR Stocks Gain Amid Bitcoin’s Rally To Over $80K After Trump’s ‘Project Freedom’

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