MSTR Stock Surges on Fresh Batch of Bitcoin Buys
MicroStrategy's (MSTR) stock price surged 9.47% to $168.50 today, its largest one-day gain since Bitcoin cleared $85,000 in January 2026. The rally follows a fresh batch of BTC purchases by the company, which bought 950 more coins between September 14 and 20 at an average price of $79,670 per coin. This brings their total holdings to 846,000 BTC, now worth $72.70 billion.
The stock's market capitalization reached $66.94 billion during trading today, with a volume of 41.41 million shares, more than double its average of 23.74 million. Other companies are also getting in on the trend, as Strive and Boyaa Interactive added BTC to their treasuries.
Strategy's CEO Michael Saylor sees Bitcoin's value growing over time, predicting it could reach $13 million over 21 years, although this is a personal forecast rather than a guarantee. The company's STRC shares were also bought back for $174 million during the same period as the BTC purchases.