MicroStrategy (MSTR) shares jumped more than 10% Wednesday after Bitcoin’s latest surge and the company’s newest large BTC purchase. Executive chairman and former CEO Michael Saylor announced that MicroStrategy acquired 34,164 Bitcoin for about $2.54 billion, at an average price of roughly $74,395 per coin. That buy brings the firm’s cumulative holdings to 815,061 BTC, reportedly purchased for about $61.56 billion.
Bitcoin’s recent strength is helping fuel the stock’s rally. BTC has climbed roughly 17% over the past month and ticked higher into Wednesday’s session; MicroStrategy stock has risen more than 32% during the same monthly stretch. Over the last week Bitcoin has been up about 3%, signaling a partial recovery after a choppy start to the year.
MicroStrategy’s public filings show the firm continues to carry material unrealized crypto losses on its books. In its first-quarter report issued a few weeks ago, the company disclosed a $14.46 billion unrealized loss on digital assets, alongside a $2.42 billion deferred tax benefit. As of March 31, MicroStrategy recorded a $1.73 billion deferred tax asset tied to those unrealized losses, which was offset by a matching $1.73 billion valuation allowance.
Investors will get another data point soon: MicroStrategy is scheduled to report first-quarter 2026 results after the market closes on May 5, 2026. Wall Street’s consensus EPS estimate is about -$3.41 per share, which reflects an expected year-over-year improvement of roughly 79.3% from the prior period.
Despite criticism over its heavy Bitcoin exposure, MicroStrategy remains one of the most visible corporate proponents of BTC as a treasury asset. Saylor has argued that broader recognition of Bitcoin as a capital asset, deeper integration with the banking system, and the expansion of crypto financial products—particularly ETFs—could sustain long-term demand for the token and underpin the company’s strategy.
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