MSTR Stock Surges 12% as Bitcoin Tops $77,000

TLDR

• MSTR stock surged more than 12% after Bitcoin climbed above $77,000 during volatile trading.
• Bitcoin cleared resistance in the mid-$70,000 range and triggered large short liquidations.
• Strategy reported a $1.3 billion bitcoin gain tied to the rebound in its holdings.
• The company purchased 13,927 BTC for about $1 billion through its STRC program.
• Strategy increased its total Bitcoin holdings to 780,897 BTC with a cumulative cost basis near $59 billion.

Strategy shares (MSTR) advanced sharply after Bitcoin crossed $77,000 during volatile trading. The rally followed fresh buying pressure in crypto markets and diplomatic updates from the Middle East. MSTR stock rose more than 12% as traders reacted to both price action and company disclosures.

MSTR Stock Extends Gains as Bitcoin Breaks $77,000

Bitcoin moved above $77,000 after clearing resistance in the mid-$70,000 range. The surge forced short sellers to exit positions as liquidations mounted. Derivatives data showed hundreds of millions of dollars in short liquidations during the squeeze.

As prices climbed, Strategy shares tracked the move and hit $166.85 intraday. The stock gained over 12% during the session. Market participants linked the jump in MSTR stock to Bitcoin’s upward momentum and renewed risk appetite.

Strategy Inc, MSTR

The company earlier reported a $1.3 billion “bitcoin gain” for April. It tied the gain to the rebound in its holdings after prior unrealized losses. Strategy continues to hold one of the largest corporate Bitcoin positions worldwide.

Meanwhile, diplomatic statements shaped broader market sentiment. Iran said the Strait of Hormuz remains open to commercial shipping under a ceasefire framework. The statement followed talks connected to a new Israel-Lebanon truce.

President Donald Trump said the war “should be ending pretty soon.” Negotiators also explored a second round of talks after a first summit ended without agreement. However, Washington kept a naval blockade in place pending a broader peace deal.

Strategy Expands Bitcoin Holdings Through STRC Program

Earlier this week, Strategy purchased 13,927 BTC for about $1 billion. The acquisition raised total holdings to 780,897 BTC. The company funded the purchase entirely through its STRC at-the-market stock program.

Strategy reported an average purchase price of $71,902 per coin. It placed its cumulative cost basis at about $59 billion. The company said it continues to execute purchases during favorable market windows.

Between April 6 and April 12, Strategy generated just over $1 billion in net proceeds. It sold more than 10 million STRC preferred shares during that period. The sales supplied fresh capital for further Bitcoin accumulation.

Trading activity accelerated this week as STRC volume exceeded $1 billion in a single day. All trades occurred above the $100 par value required to activate the ATM program. The company estimated it secured about $796 million in new capital that day.

That capital could fund the purchase of more than 10,000 BTC in one session. The potential purchase volume exceeded the daily Bitcoin mining supply. Strategy therefore increased its share of corporate Bitcoin accumulation during March.

Of 47,435 BTC added to corporate treasuries in March, Strategy accounted for about 44,377 BTC. The company reported a capture rate of 81% last week. That rate rose from 45% in early March, reflecting stronger execution levels.

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