Strategy (MSTR) Stock Jumps Nearly 40% in a Month as Bitcoin Rebounds Above $80,000
Key Takeaways
- •Strategy held 840,447 Bitcoin at an average cost of $75,385 per coin.
- •When Bitcoin fell into the low-$60,000 range, Strategy’s position was estimated to be down about $9.5 billion on paper, but the rebound above $80,000 turned it into an unrealized profit of roughly $4.2 billion to $4.7 billion.
- •Strategy raised $2.01 billion by selling 18.26 million MSTR shares through its ATM program.
- •About $1.59 billion of the proceeds was moved into a new U.S. dollar cash pool, while $136.4 million was used to buy back 1.43 million STRC preferred shares.
- •MSTR is trading around $137.40 and is moving toward its 200-day moving average.
Michael Saylor's Strategy (MSTR) has staged a sharp recovery, with the stock climbing nearly 40% in a single month from around $82 to $140. The rally comes as Bitcoin recovered from the $60,000 range to above $80,650, delivering a major boost to one of the market's biggest Bitcoin-linked stocks. Strategy's large $BTC holdings have also swung from earlier paper losses into billions of dollars in unrealized gains.
Bitcoin Rally Gives MSTR a Major Boost
Strategy, formerly known as MicroStrategy, remains one of the biggest Bitcoin proxy stocks, meaning MSTR often moves more sharply than Bitcoin itself. Over the same period, MSTR shares have jumped more than 40%, while Bitcoin has recovered roughly 30%, underscoring the stock's higher sensitivity to $BTC price moves.
Strategy held 840,447 $BTC at an average cost of $75,385 per Bitcoin. When $BTC fell into the low-$60,000 range, the company was facing an estimated $9.5 billion paper loss. After Bitcoin moved back above $80,000, that same position turned into an estimated $4.2 billion to $4.7 billion in unrealized profit. Because Strategy carries its digital assets at fair value, swings of this size also flow directly into the company's reported quarterly results.
The sheer size of the treasury also makes MSTR highly sensitive to Bitcoin's price: every $1,000 move in $BTC changes the value of Strategy's holdings by roughly $840 million.
Strategy Builds a Bigger Cash Pile
The Bitcoin rally is not the only reason investors are watching MSTR. Strategy also raised $2.01 billion by selling 18.26 million MSTR shares through its ATM program, a structure that lets the company sell shares into the open market over time. Instead of using all of the proceeds to buy more Bitcoin, the company placed around $1.59 billion into a new USD cash pool. It also spent $136.4 million to buy back 1.43 million STRC preferred shares, helping reduce its future 12% dividend costs.
Michael Saylor has additionally highlighted Strategy's preferred securities and their yields. As of 27 August, STRD offered a 13.54% effective yield, while STRC offered 12.24%.
Yield on the Bitcoin Standard. pic.twitter.com/qKDwiiLGRR — Michael Saylor (@saylor) August 28, 2026
The cash pool marks a shift from Strategy's usual pattern of moving fresh capital quickly into $BTC, and how the $1.59 billion is eventually deployed is one of the main things to watch next, since the company has historically announced each of its Bitcoin purchases publicly.
MSTR Eyes $1,000 as Bitcoin Targets $500K
MSTR is currently trading around $137.40 after briefly reaching the $140 range, and the stock is moving toward its 200-day moving average, a long-term trend indicator that many traders treat as a dividing line between bull and bear phases.
The bullish outlook around the stock is also growing. Adam Livingston, known as the "Bitcoin Wizard," has suggested that MSTR could reach $1,000 if Bitcoin climbs to $500,000. That figure remains a conditional scenario tied to a much higher Bitcoin price rather than a market-wide forecast.
However, MSTR remains closely tied to Bitcoin, and a sharp drop in $BTC could quickly erase its recent gains.
