Trump's Investment Accounts Re-entered MicroStrategy After Significant Price Drop
Federal ethics filings reveal that investment accounts linked to former President Donald Trump sold shares of MicroStrategy (MSTR) in June and early July, then re-purchased them as the stock hit a summer low. The stock subsequently rose by approximately 83% through September 22, according to financial tracking firm Quiver Quantitative. MicroStrategy is one of the largest corporate holders of Bitcoin (BTC-USD), with its share price historically correlated to crypto market movements. In July, MicroStrategy paused new Bitcoin purchases and issued shares for cash, contributing to a drop in stock value and trading volume. The Trump accounts re-entered at this low point. The trades were managed by external firms on behalf of the Trump Organization, which stated it does not direct specific investments. While the amounts involved are relatively small compared to overall market activity, some lawmakers have questioned the timing.
Tickers: $MSTR
Topics: Bitcoin ethics filings MicroStrategy Trump stock trades