MicroStrategy returns to profit on Bitcoin holdings

MicroStrategy has returned to profitability on its Bitcoin holdings following a significant surge in the cryptocurrency's value, pushing it above $76,300. This marks Bitcoin's first decisive breakout since early February, now trading firmly above its 100-day moving average. The company's stock is also trading above its 200-week moving average, indicating improved long-term momentum. This positive trend in Bitcoin coincides with a strong performance in broader equity markets, with the Nasdaq 100 experiencing twelve consecutive sessions of gains, reaching new all-time highs.