MicroStrategy Didn’t Buy the Bitcoin Dip. The Stock Is Rising.

MicroStrategy stock surged Monday as its aggressive Bitcoin bet suddenly started to look good again.

The shares jumped 13% early on the first trading day of March as crypto assets recovered. The stock slumped 24% in February, in tandem with a slump in the price of the world’s largest cryptocurrency. Other crypto-related stocks were also higher: Coinbase Global jumped 5%, while Robinhood Markets was up 5.2%.