MSTR Stock Rallies As Massive Bitcoin Treasury Bet Accelerates

Strategy Inc stocks have been trading up by 3.46 percent after announcing a transformative AI partnership expected to accelerate growth.

Key Takeaways For MSTR Traders

• Strategy’s bitcoin stack has surged to 847,666 BTC, acquired for about $63.95B after another 1,665-coin buy at an average price of $85,681 as of 2026/09/28.
• The company still holds roughly $5.0B in USD reserves and about $1.0B in cash despite heavy spending on bitcoin, stock repurchases, and preferred dividends and interest.
• Recent use of $174M to repurchase Series A preferred shares and $75.7M for 950 more bitcoin helped trigger an almost 8% pop in MSTR shares.
• MSTR has logged sharp price gains of 8.7%, 12.7%, and 5% in recent sessions, trading tightly with bitcoin’s run to $85,000.
• B. Riley lifted its MSTR price target to $195 and kept a Buy rating, while FactSet data show a Buy consensus and a higher mean target of $234.11.

Live Update At 09:18:47 EDT: On Friday, October 02, 2026 Strategy Inc stock [NASDAQ: MSTR] is trending up by 3.46%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

MicroStrategy, trading under ticker MSTR, is no longer a plain software name. On the numbers, it now looks like a highly leveraged bitcoin holding vehicle with an enterprise value near $86.25B and annual revenue of only about $477.23M. That huge gap explains why the price‑to‑sales ratio sits around 129x. Traders are paying for bitcoin exposure, not software growth.