On Friday, shares of Strategy (NASDAQ: MSTR) experienced an approximate 9% increase, coinciding with Bitcoin’s recovery to the $78,000 mark.
This price movement occurred shortly after Executive Chairman Michael Saylor delivered a highly publicized keynote presentation at the Bitcoin 2026 conference in Las Vegas.
This rally represents a welcome relief for MSTR investors, who have faced significant challenges, as the stock remains over 70% below its all-time high of above $457 recorded in November 2024.
The recent activity aligns with a broader recovery in Bitcoin, which has been steadily increasing since a notable decline to the mid-$60,000s earlier this year. Last week, Bitcoin surpassed the $78,000 level, driven by short liquidations and improved macroeconomic sentiment following positive developments in U.S.-Iran diplomatic negotiations.
Polymarket contracts from May 1 indicated a 100% confidence that Bitcoin would close within the $78,000–$80,000 range.
As a leveraged proxy for Bitcoin, MSTR typically magnifies the fluctuations of BTC in either direction. Currently, Strategy holds approximately 818,334 Bitcoin on its balance sheet, representing roughly 3.9% of the total Bitcoin supply, acquired at an average cost of around $66,385 per coin.
Saylor: Strategy’s STRC is Flourishing
The uptick in stock value is also a reflection of the renewed enthusiasm generated by Saylor’s keynote at the Bitcoin 2026 conference last week.
Rather than concentrating on Bitcoin price targets or additional Bitcoin acquisitions, Saylor’s presentation focused on STRC — Strategy’s Bitcoin-backed preferred stock — and a comprehensive assertion that digital credit is positioned to disrupt trillions of dollars within the traditional credit market.
Saylor posited that “the world’s $300 trillion credit market presents a significantly larger opportunity than the world’s approximately $2 trillion Bitcoin market, and Strategy has developed the first product to connect the two.”
STRC, which offers an 11.5% monthly variable dividend and is traded on Nasdaq, has reached approximately $8.5 billion in notional value in under nine months, an achievement Saylor claimed surpasses the entire existing universe of monthly-paying preferred securities combined.
“This is gaining significant momentum,” he remarked to the audience.
BlackRock’s iShares Preferred & Income Securities ETF has already established a position of approximately $210 million in STRC.
Saylor noted that STRC has facilitated the acquisition of approximately 77,000 BTC year-to-date in 2026, equating to nearly ten times the net inflow of all U.S. spot Bitcoin ETFs combined during the same period.
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