Michael Saylor’s Strategy (MSTR) has swooped up another $200M worth of Bitcoin, its third-largest purchase of the year so far. The firm now owns roughly 720,750 Bitcoin, according to a press release, with its holdings currently worth about $49.5 billion. The company’s latest purchase comprised around 3,000 Bitcoin, bought for an average price of around $67,700 apiece.
MSTR investors praised the latest BTC purchase, with shares in the firm’s stock climbing over 6% on Monday. After a sluggish start to the year, the stock is finally picking back up. Wall Street analysts have hiked their forecasts for MSTR, suggesting the BTC dip will end and fuel a rally. Indeed, the Bitcoin-buying firm has been nursing an unrealized loss on its holdings since the asset dipped below the $76,000 mark last month.
In addition, last week, Strategy (MSTR) raised more money than it spent on Bitcoin, pocketing around $33 million as it doled out more of its STRC preferred stock. In recent months, Strategy has embraced the dividend-paying product as an alternative source of funding, which co-founder and Executive Chairman Michael Saylor has dubbed “digital credit.” As a result, Strategy has extended its lead as the largest institutional investor of Bitcoin in the world.
Looking to the next few months, analysts are projecting the stock to rebound. It may take some time, though, for the stock to recover the 60% loss from July 2025 onward. 88% of analysts covering the stock on Wall Street rate MSTR a buy, suggesting that the recent dip could prove a buying opportunity. The lowest forecasts have MSTR reaching $185, while the highest is over $700.
On the other hand, if Bitcoin stumbles and stays below $70,000, raising fresh cash gets expensive for Strategy (MSTR) in a hurry. That scenario could push Strategy toward selling more stock or floating preferreds with bigger yields—moves that hit common shareholders with dilution and pile on pressure just when it stings most.
