“Bitcoin Proxy” MicroStrategy Surges Past Combined Market Caps of Two Largest Gold Miners

$MicroStrategy (MSTR.US)$ ’s soaring stock enables CEO Michael Saylor to sell shares, buy more Bitcoin, and drive prices higher, creating a feedback loop that further boosts MSTR’s value. The cycle raises questions about its sustainability.

Reports suggest Trump’s team is considering creating a White House position dedicated to cryptocurrency policy. The role would oversee a small team and act as a liaison between Congress, the White House, and crypto regulators.