Michael Saylor is smiling again: Strategy out of the red thanks to Bitcoin rise

Bitcoin (BTC) rose to its highest price in ten weeks today, and Michael Saylor will be very happy about that. After all, his company Strategy no longer has to record a loss on its immense Bitcoin stockpile. But does this actually matter? 780,897 BTC back in the plus Bitcoin has the wind in its sails again. The BTC price rose by nearly 4 percent today and touched $78,000 for the first time since February 3. The surge was particularly strong due to the news that Iran has reopened the Strait of Hormuz. On Monday it went up even faster, and over the past week, a gain of over 10 percent is now on the boards. It could turn out to be the best week since November 2024.