Shares in Strategy (MSTR) stock are up over 10% on Wednesday, thanks to Bitcoin’s latest rally and Strategy’s latest BTC swoop. Former CEO Michael Saylor said this week that the firm had acquired another 34,164 Bitcoin for about $2.54 billion at an average price of $74,395 per token. The purchase lifted the firm’s total holdings to 815,061 BTC, acquired for roughly $61.56 billion.
Bitcoin’s 17% monthly rally and acceleration into Wednesday’s trading is amplifying MSTR’s growth, as the stock is already up over 32% in the last month. Over the past week, BTC is up about 3%, with the broader trend pointing toward recovery after a rough start to the year.
In addition to the latest purchase, Strategy (MSTR) also reported its first-quarter financial results a few weeks ago, including a $14.46 billion unrealized loss on digital assets and a $2.42 billion deferred tax benefit. As of March 31, the company recorded a $1.73 billion deferred tax asset related to those unrealized losses, which was offset by a corresponding $1.73 billion valuation allowance against the amount. MicroStrategy (MSTR) is scheduled to report earnings onMay 5, 2026. The company is expected to release its first-quarter 2026 results after the market closes (AMC), with a consensus EPS estimate ranging from approximately -$3.41 per share, reflecting a year-over-year increase of 79.32%.
Also Read: Shiba Inu Turns Bullish: Last Chance To Buy Below $0.00001?
Despite backlash from critics, Microstrategy has remained at the forefront of Bitcoin investing. Michael Saylor has argued that wider recognition of Bitcoin as a capital asset by major economies, deeper integration with the banking system, and the expansion of financial products such as exchange-traded funds would drive sustained demand.
Source: Watcher Guru
