Strategy (MSTR) Stock Rallies as CEO Breaks Silence on Bitcoin Buying Plans
TLDR
- MSTR stock rose 4.4% to $96.60 after large crypto holders accumulated around 43,000 BTC worth roughly $2.75 billion in 60 days
- CEO Phong Le said the company expects to resume Bitcoin buying later this year after a seven-week pause
- Strategy holds $4.8 billion in USD cash reserves and 840,447 BTC unchanged for seven consecutive weeks
- Sound Financial Strategies Group bought a new stake worth $1.69 million, with institutional investors owning 59.84% of the company
- Analyst consensus sits at Moderate Buy with an average price target of $239.81, though Weiss Ratings downgraded to Sell and several firms cut their targets
Strategy (MSTR) stock climbed 4.4% in morning trading Wednesday, reaching $96.60, as fresh on-chain data showed large Bitcoin holders accumulated around 43,000 BTC over the past 60 days.
That accumulation, worth roughly $2.75 billion, pushed a key spot demand metric close to its first positive reading since late February 2026. For MSTR, which operates as a leveraged proxy on Bitcoin, improved demand signals tend to move the stock quickly.
โฆ Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
