MicroStrategy Won't Need to Sell Bitcoin Anymore? MSTR Stock Rallies 12%
Strategy (MSTR), the Bitcoin treasury firm formerly known as MicroStrategy, says dollar reserves now offset nearly all its $6.75 billion debt. MicroStrategy stock climbed 12% on Thursday as fears of forced bitcoin (BTC) sales faded.
The company put its net leverage at roughly 0.1% in the announcement. In plain terms, its cash nearly cancels its debt, while its 840,447 BTC stack stands almost free and clear.
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MicroStrategy Stock Jumps as Cash Nearly Matches Debt
MSTR traded at $138.38 by midday Thursday, up 12%. The stock is now down less than 9% in 2026. One session repaired much of the year's damage.
The advance builds on last week's crypto stocks rally, which had already lifted MSTR to a two-month high.
The company's chart shows MicroStrategy holds $6.69 billion in dollars against $6.75 billion of debt. The gap is just $60 million.
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