MSTR jumps 44% in rally
- Strategy Inc. shares closed at $171.02 on April 24 after a sharp April rebound tied to Bitcoin’s recovery and the company’s latest disclosure that it bought another 34,164 Bitcoin. - The company said on April 20 that it spent $2.54 billion on Bitcoin at an average price of $74,395, lifting its treasury to 815,061 coins worth roughly $63 billion. - Strategy now trades more like a leveraged Bitcoin vehicle than a software stock, with a one-month gain above 25% as Bitcoin neared $78,000. (strategy.com) (finance.yahoo.com)
Strategy’s stock surged through April as Bitcoin rebounded and the company disclosed another multibillion-dollar Bitcoin purchase. (finance.yahoo.com) (strategy.com) Shares of Strategy, still widely known by its old name MicroStrategy, closed at $171.02 on Friday, April 24. Yahoo Finance data show the stock is up 25.5% over the past month and had climbed more than 42% from an April 2 close near $119.83. (finance.yahoo.com) (stockstotrade.com) The latest jolt came from an April 20 filing: Strategy said it bought 34,164 Bitcoin for about $2.54 billion between April 13 and April 19. The average purchase price was $74,395 per coin. (strategy.com) (sec.gov) That purchase lifted Strategy’s holdings to 815,061 Bitcoin acquired for about $61.56 billion in total, at an average cost of $75,527 per coin. Strategy’s own holdings page listed the treasury at about $63.1 billion as of April 20. (strategy.com 1) (strategy.com 2) Bitcoin itself was trading around $78,000 late this week, according to Yahoo Finance and CoinMarketCap. When Bitcoin rises above Strategy’s average acquisition cost, the company’s balance sheet moves deeper into unrealized profit, and the stock often amplifies that move. (finance.yahoo.com) (coinmarketcap.com) That is why traders often treat MSTR less like an enterprise software company and more like a stock-market wrapper for Bitcoin exposure. Google Finance describes the shares as widely viewed as a Bitcoin proxy because of the company’s holdings. (google.com) (strategy.com) Strategy also kept buying through a choppy spring. Its purchases page shows additions on April 6, April 13 and April 20, including a $1.00 billion buy for 13,927 Bitcoin one week before the $2.54 billion purchase. (strategy.com) (benzinga.com) The company has funded those buys with repeated capital raises, including at-the-market sales of common and preferred stock. That structure gives Strategy more cash to buy Bitcoin, but it also ties the stock more tightly to swings in crypto prices and financing demand. (strategy.com) (sec.gov) The April rally left Strategy with the same basic trade it has carried for years: when Bitcoin jumps, MSTR can jump harder. When Bitcoin stalls or falls back below the company’s cost base, that leverage runs in reverse. (finance.yahoo.com 1) (finance.yahoo.com 2)
