Strategy (MSTR) Surges 16.25% After Bitcoin Rally Returns Its Bitcoin Holdings to Profit

Strategy (MSTR) surged after a strong rally in Bitcoin, with TradingView saying the stock rose 16.25% to its intraday high and was up 10% at the time of writing, extending a five-day rally toward a weekly gain of more than 30%.

“Michael Saylor teases more bitcoin buying even as Strategy stock continues to fall The crypto bull shrugged off market skepticism by sharing a chart of the company's $50 billion stash and teasing that they are going to need more data points”

@coindesk

TradingView tied the move to Bitcoin rising nearly 4% in the past 24 hours, briefly approaching $78,000 and trading above $77,400, which it said directly impacted Strategy’s balance given its high exposure to the digital asset.

@coindesk

CoinDesk reported that Bitcoin had decisively surpassed $77,000 for the first time since its February 5 drop to a minimum near $60,000, and it said the rebound carried positive implications for Strategy because the company “has vuelto a obtener beneficios con sus tenencias de bitcoin.”

CoinDesk also said MSTR’s bitcoin holdings had a purchase average of 75,577 $ and that BTC was up more than 25% to trade above its 100-day moving average of $74,774 after bottoming in early February, while also noting Bitcoin briefly traded as high as $76,700 on February 4.

Michael Saylor, co-founder of MicroStrategy, said the company will increase its bitcoin holdings in the coming days and shared a chart of the company’s purchase history showing 107 BTC transactions since 2020, a pattern the article said had previously signaled an imminent purchase.

Cryptonews.net said MicroStrategy completed its most recent bitcoin purchase by acquiring 34,164 BTC for more than $2.5 billion, lifting total holdings to 815,061 BTC valued at approximately $63.6 billion using spot market prices at the time of publication.

BFM

[@coindesk | Western Alternative] reported that Saylor shared a StrategyTracker chart on X showing Strategy holds 847,363 bitcoin worth about $50.88 billion as of June 28, 2026, with 113 purchase events and an average cost basis of $75,653 per BTC.

In the same CoinDesk-linked report, Saylor’s message was quoted as: "We’re gonna need more charts," while it also said Ripple CEO Brad Garlinghouse criticized Saylor’s funding approach and that Strategy’s stock fell 8% lower Thursday to $86 amid concerns about meeting dividend obligations.

While the rally helped Strategy’s bitcoin treasury return to profit, Phemex argued that MSTR can fall more than Bitcoin because of the company’s capital structure, saying its stock closed at about 128 $ on April 9, 2026 and that Bitcoin traded around 72 200 $ on April 10, about 8% below the level when MSTR hit its 52-week high.

Phemex said Strategy holds 766 970 BTC acquired for about 58 milliards de dollars at an average price of 75 644 $ per coin, and it described an unrealized loss of about 5 milliards de dollars, attributing the gap to convertible debt, ATM share issuance, and preferred-share dividends.

In the same vein, Phemex said Strategy has about 8,2 milliards de dollars of convertible debt with maturities between 2025 and 2032 and a weighted average interest rate of 0,42 %, and it warned that at 128 $ conversion prices for most tranches appear unattainable.

Coin Academy framed the contrast with BlackRock’s IBIT by saying MicroStrategy uses financial engineering with stock issuances, convertible debt, and perpetual preferred securities to accumulate bitcoin with leverage, while IBIT is described as a passive spot ETF that simply tracks bitcoin’s price without leverage or corporate risk.