TLDR
- Strategy (MSTR) stock jumped 5.6% in early trading Wednesday as Bitcoin crossed $95,000 for the first time since November
- Director Carl Rickertsen bought 5,000 shares worth $779,000 at around $156 each, his first open-market purchase since 2022
- The company purchased 13,627 Bitcoin for $1.25 billion last week, bringing total holdings to 687,410 Bitcoin worth over $65 billion
- Strategy’s enterprise value premium to Bitcoin holdings has dropped from 100% in summer to just 10% currently
- The stock remains down 62% from its July 2025 high of $457.22, while Bitcoin is off 24% from its October peak above $126,000
Strategy stock climbed 5.6% to $182.71 in early Wednesday trading. The move follows Bitcoin’s return above $95,000 for the first time since November.
The company formerly known as MicroStrategy holds more Bitcoin than any other corporation. Strategy consistently moves with the cryptocurrency’s price.
Bitcoin is up 9.7% so far in 2026. Strategy shares have gained around 20% this year.
Director Carl Rickertsen bought 5,000 shares on January 12 according to SEC filings. The purchase totaled roughly $779,000 at about $156 per share.
This marks Rickertsen’s first open-market purchase since 2022. In recent years, he had only sold shares.
The insider buying comes days after Strategy dodged a potential problem with MSCI. MSCI is reviewing whether companies with more than 50% of their balance sheet in cryptocurrencies should remain in its indices.
Strategy faces risk due to its heavy Bitcoin exposure. MSCI delayed any removal for now but the issue remains under review.
Strategy Expands Bitcoin Position
The company bought 13,627 Bitcoin last week for $1.25 billion. This represents its largest purchase since July 2025.
Strategy now holds 687,410 Bitcoin worth more than $65 billion at Wednesday’s prices. The company continues adding to its position despite price volatility.
Price Gap Widens from Peak
Strategy hit a 52-week high of $457.22 in July 2025 when Bitcoin traded around $122,000. The stock has fallen 62% since then.
Bitcoin reached a record high above $126,000 in October. The cryptocurrency is currently 24% below that peak.
Strategy has experienced a sharper decline than Bitcoin itself. The company’s enterprise value premium to its Bitcoin holdings has collapsed.
The premium now stands at just 10% according to company metrics. This compares to roughly 100% during the summer months.
The Senate Banking Committee is set to consider the Digital Asset Market Clarity Act on Thursday. The legislation aims to deliver regulatory clarity for investors.
Other digital assets also rallied on the news. Ethereum and XRP both posted gains.
Coinbase stock rose 2% after jumping 4% on Tuesday. The exchange platform benefits from increased crypto trading activity.
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