MSTR Stock Jumps on Defense Contract and Bitcoin Rally

MicroStrategy's stock price jumped by 2.4% on August 24, 2026, following a transformative long-term government defense technology contract secured by the company.

The company reported a massive GAAP net loss driven by $8.3 billion of unrealized bitcoin fair-value losses amid a BTC drawdown, while scaling its bitcoin balance to roughly 846,000 BTC and cutting convertible debt by 18%.

MicroStrategy raised over $4.2 billion in equity capital in Q2 and Q3-to-date through MSTR and STRC at-the-market offerings, lifting its USD reserve to about $3.75 billion, or roughly 25 months of preferred dividends.