Strategy – formerly MicroStrategy – is once again grabbing investor attention. On Tuesday, its MSTR stock rose by 5%, driven by a combination of positive macroeconomic news and the company’s bold move to further expand its Bitcoin holdings.
📈 Markets Rebound on Strong Job Data
U.S. equity markets rallied midweek – the Nasdaq gained 0.81%, the S&P 500 rose 0.58%, and overall the week’s gains stood at 2%. According to crypto trading firm QCP Capital, this optimism was fueled by an unexpected jump in job openings, boosting investor sentiment ahead of key employment data later in the week.
QCP noted that the S&P 500 is inching closer to a critical 6,000-point threshold.
🪙 Strategy’s Bitcoin Bet Gets Bigger
The real buzz, however, came from Strategy’s announcement of a new preferred stock issuance – Stride (STRD) – aimed at raising capital to purchase more BTC.
Analyst Dylan LeClair highlighted that STRD carries fewer investor protections compared to STRF, making it riskier but giving the company greater financial flexibility. “Saylor is taking over the fixed income market,” he commented.
Another analyst, Jeff Walton, called the move “a historic moment,” as Strategy continues to aggressively increase its BTC holdings.
Currently, Strategy holds 580,955 BTC, worth approximately $60 billion, with an average acquisition cost around $40 billion – giving the company $20 billion in unrealized gains at today’s prices.
MSTR stock closed Tuesday at $387, though it retraced slightly Wednesday morning. Still, the stock is up 28% in Q2, outperforming Bitcoin, which rose 22% over the same period.
⚠️ But Uncertainty Looms Ahead
Despite the current optimism, QCP Capital warns that June and Q3 could be bumpy for BTC, citing potential macro headwinds such as new U.S.–China tariff talks, debt ceiling concerns, and Trump’s proposed “Big Beautiful Bill” which could shake up the markets.
According to QCP, without a strong bullish catalyst, Bitcoin may remain rangebound – a scenario that could slow MSTR’s momentum, given its tight correlation with BTC price movements.
At the time of writing, MSTR is trading at $376, down 3%, after Bitcoin briefly dipped below $105,000.
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