Key Takeaways
- MSTR shares advanced over 5% during early Wednesday market activity
- Capital Group purchased 4.32 million MSTR shares valued at approximately $747M, increasing total holdings to $1.78B
- Strategy regained the #1 Bitcoin holder position from BlackRock’s IBIT, marking the first time since Q2 2024
- The company’s Bitcoin treasury now totals 815,061 BTC following a $2.54B acquisition of 34,160 coins
- Cantor Fitzgerald elevated MSTR price target to $212 while maintaining Overweight rating
Shares of Strategy jumped more than 5% during early Wednesday session activity, driven by substantial institutional buying and a significant milestone in the company’s Bitcoin acquisition program.
Through its American Funds Fundamental Investors portfolio, Capital Group acquired 4.32 million Strategy shares in a deal valued at approximately $747 million. This transaction elevates Capital Group’s aggregate position to 10.33 million shares, currently worth roughly $1.78 billion.
This represents one of the most significant institutional investments in MSTR during the past several months.
Strategy has also achieved a notable benchmark that Bitcoin market observers have been monitoring closely. The firm has overtaken BlackRock’s iShares Bitcoin Trust (IBIT) in aggregate Bitcoin ownership — marking the first instance it has claimed this position since the second quarter of 2024.
Battle for Bitcoin Dominance
After completing its most recent acquisition of 34,160 Bitcoin for $2.54 billion, Strategy’s cumulative holdings now reach 815,061 coins. By comparison, IBIT maintained approximately 806,178 coins as of April 20.
This recent buy represents Strategy’s most substantial single Bitcoin purchase since November 2024. The company financed the transaction by selling $2.54 billion in securities, which included over 21.7 million shares of STRC preferred stock and approximately 2.16 million MSTR shares.
While IBIT experienced rapid expansion to become one of the leading Bitcoin ETFs since its introduction, Strategy’s recapture of the top holdings position demonstrates the company’s aggressive accumulation approach.
The equity had already been experiencing upward momentum prior to Wednesday’s session. MSTR has gained 24% during the previous week, although it continues to trade 43% below levels from six months ago.
Analyst Upgrades Price Projection
Cantor Fitzgerald increased its MSTR price objective to $212 from $192 on April 21, while reaffirming an Overweight rating. MSTR was trading near $170.81 at that time.
The investment firm indicated that market focus is transitioning toward prospective Bitcoin dynamics in advance of Strategy’s Q1 fiscal 2026 results, set for May 2 following the closing bell.
Cantor observed that despite Strategy posting losses over the trailing twelve months, Wall Street analysts anticipate profitability to emerge during the current year.
A subject that emerged during the Q4 results discussion — potential long-term quantum computing threats to Bitcoin — continues to draw attention. Several Bitcoin enhancement proposals have been introduced, though Cantor emphasized that considerable development work is needed before achieving a quantum-resistant protocol architecture.
Regarding financial positioning, Cantor stated that Strategy looks well-equipped to manage escalating interest expenses stemming from expanded STRC issuance. The firm maintains a current ratio of 5.62, with liquid resources substantially exceeding near-term liabilities.
According to TipRanks data, MSTR carries a Strong Buy consensus among analysts, with a mean price target of $281.25 — suggesting potential appreciation of approximately 71% from current trading levels.
Strategy is scheduled to report Q1 2026 financial results on May 2 after market hours.
