Strategy (MSTR) Stock Pops 9% As Bitcoin Price Pumps Back to $78,000
Strategy's stock (MSTR) rose 9% as Bitcoin neared $78,000, boosted by Michael Saylor's keynote on STRC.Summary
Shares of Strategy (MSTR) experienced a significant surge of approximately 9% on Friday, coinciding with Bitcoin's price climbing back towards the $78,000 mark. This rally follows a keynote address by Executive Chairman Michael Saylor at the Bitcoin 2026 conference, where he focused on Strategy's Bitcoin-backed preferred stock, STRC, and its potential to disrupt the legacy credit market.
MSTR's stock price exceeded $180 per share, mirroring Bitcoin's intraday advance to $78,961. Despite this recent gain, MSTR remains down over 70% from its November 2024 all-time high. The broader Bitcoin market has been recovering, with recent surges attributed to short liquidations and positive macro sentiment. Strategy holds a substantial amount of Bitcoin, approximately 818,334 BTC, acquired at an average cost of $66,385 per coin.
Saylor's presentation highlighted STRC as a product designed to bridge the $300 trillion credit market with Bitcoin. STRC, which offers an 11.5% monthly variable dividend, has rapidly grown to an $8.5 billion notional value and has reportedly financed the acquisition of around 77,000 BTC year-to-date in 2026, significantly outpacing U.S. spot Bitcoin ETFs. BlackRock's iShares Preferred & Income Securities ETF has also invested approximately $210 million in STRC.
(Source：Bitcoin Magazine)