Key Highlights
- MSTR shares gained over 5% during Wednesday’s early trading session
- Capital Group acquired 4.32 million shares valued at approximately $747M, increasing its position to $1.78B
- The company overtook BlackRock’s IBIT as the largest Bitcoin holder for the first time since Q2 2024
- MSTR’s Bitcoin treasury reached 815,061 coins following a $2.54B acquisition of 34,160 Bitcoin
- Cantor Fitzgerald increased its MSTR price target to $212 while maintaining an Overweight rating
Shares of Strategy experienced a rally of more than 5% during Wednesday morning trading, driven by substantial institutional investment and a significant achievement in the company’s Bitcoin acquisition program.
Capital Group’s American Funds Fundamental Investors fund acquired 4.32 million MSTR shares in a deal valued at approximately $747 million. This transaction elevates Capital Group’s aggregate position to 10.33 million shares, currently worth about $1.78 billion.
This represents one of the most substantial institutional investments in MSTR in recent trading periods.
Strategy has also achieved a significant benchmark that Bitcoin analysts have been monitoring closely. The firm has now eclipsed BlackRock’s iShares Bitcoin Trust (IBIT) in overall Bitcoin holdings — marking the first occasion it has commanded this position since the second quarter of 2024.
Battle for Bitcoin Supremacy
After its most recent acquisition of 34,160 Bitcoin for $2.54 billion, Strategy’s cumulative holdings have reached 815,061 coins. In comparison, IBIT maintained approximately 806,178 coins as of April 20.
This recent buy represents Strategy’s most substantial single Bitcoin transaction since November 2024. The company financed this purchase through the sale of $2.54 billion in securities, which included more than 21.7 million shares of STRC preferred stock and approximately 2.16 million shares of MSTR.
While IBIT experienced rapid expansion to become one of the most prominent Bitcoin ETFs following its debut, Strategy’s reclamation of the top holdings position demonstrates the company’s aggressive accumulation approach.
Prior to Wednesday’s session, the stock had already demonstrated strong momentum. MSTR has appreciated 24% during the previous week, despite experiencing a 43% decline over the past six-month period.
Analyst Upgrades Price Outlook
On April 21, Cantor Fitzgerald elevated its MSTR price target from $192 to $212, maintaining its Overweight designation. At that juncture, MSTR was trading around $170.81.
The investment firm indicated that market participants are increasingly focusing on forward-looking Bitcoin factors in anticipation of Strategy’s Q1 fiscal 2026 earnings report, set for release on May 2 following market close.
Cantor observed that despite Strategy’s lack of profitability over the trailing twelve months, Wall Street analysts project the company will achieve profitability during the current year.
A subject that emerged during the Q4 earnings conference call — Bitcoin’s potential vulnerability to quantum computing threats over the long term — continues to receive attention. Several Bitcoin improvement proposals have been introduced, though Cantor emphasized that considerable development work is necessary before the protocol achieves quantum-resistant capabilities.
Regarding the company’s financial position, Cantor noted that Strategy seems adequately prepared to manage increasing interest expenses stemming from expanded STRC issuance. The firm maintains a current ratio of 5.62, with liquid assets substantially exceeding near-term liabilities.
According to TipRanks data, MSTR carries a Strong Buy consensus rating among analysts, with a mean price target of $281.25 — suggesting potential appreciation of approximately 71% from current trading levels.
Strategy’s Q1 2026 earnings report is scheduled for May 2 after market close.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
