Strategy (MSTR) Looks Cheap As Bitcoin Buying Resumes With 4,603 More Coins

Strategy (MSTR) has restarted Bitcoin purchases after a 10 week pause, adding 4,603 coins to reach holdings of 845,050. The move was funded by new share issuance and keeps attention on its Bitcoin centric treasury approach.

Over the past month, Strategy's stock has seen a sharp rebound, with a 30 day share price return of about 29.9%, even though the year to date share price return is down 21.6% and the 1 year total shareholder return is down 62.7%. The 3 year total shareholder return is over 3.5x higher and the 5 year total shareholder return is also positive, suggesting shorter term momentum has picked up again as investors react to renewed Bitcoin buying, fresh equity issuance and recent developments such as the Mosaic partnership with Carahsoft and ongoing index eligibility debates.

Compare Strategy's renewed Bitcoin bet with other listed plays on digital assets by scanning the hand picked 20 cryptocurrency and blockchain stocks that offer different business models and risk profiles.

For Strategy, this fresh Bitcoin buying can look like a renewed business thesis or just a sentiment driven swing trade. The valuation work next helps you judge which story the current share price reflects.