MSTR Stock Forecast as Michael Saylor’s Strategy Restarts Bitcoin Buying With 535 BTC

TLDR

Strategy’s stock rose more than 5% on May 11 after Michael Saylor confirmed that the company had restarted Bitcoin purchases following a one-week pause around its first-quarter earnings report.

The company, formerly known as MicroStrategy, bought 535 Bitcoin for about $43 million between May 4 and May 10, according to a filing with the U.S. Securities and Exchange Commission. The latest purchase was made at an average price of about $80,340 per Bitcoin.

Saylor said in a post on X that Strategy now holds 818,869 BTC. The company acquired the holdings for about $61.86 billion at an average purchase price of roughly $75,540 per Bitcoin, including fees and expenses.

Based on recent market prices, Strategy’s Bitcoin holdings are worth about $66.5 billion. The position represents more than 3.9% of Bitcoin’s fixed 21 million supply cap.

MSTR shares traded near $189.62 on May 11, up $9.78, or 5.44%, as investors reacted to the renewed buying activity and Saylor’s latest comments on the company’s Bitcoin strategy.

Strategy Resumes Bitcoin Accumulation

The latest purchase followed a one-week break in Strategy’s regular Bitcoin buying pattern. Saylor had posted “No buys this week” before the company’s first-quarter earnings release, then posted “Back to work” on May 10 alongside the company’s Bitcoin holdings tracker.

Strategy often announces Bitcoin purchases after Saylor posts updates about the company’s acquisition chart. The latest filing confirmed that buying had resumed shortly after the earnings period ended.

The company reported a year-to-date BTC Yield of 9.4% for 2026. Strategy uses BTC Yield as a company metric to track changes in Bitcoin holdings relative to diluted shares outstanding.

Strategy has continued to frame Bitcoin as its main treasury reserve asset. The company’s Bitcoin per share also rose about 18% year over year to 213,371 satoshis, according to figures cited in recent reports.

MSTR and STRC Fund Latest Purchase

Strategy funded the latest Bitcoin purchase through proceeds from at-the-market sales of its Class A common stock, MSTR, and its Stretch perpetual preferred stock, STRC.

The company has expanded its capital-raising tools to support further Bitcoin accumulation. Its preferred stock programs include STRK, STRC, STRF and STRD, with separate at-the-market issuance plans.

These programs sit alongside Strategy’s broader “42/42” plan, which targets $84 billion in total capital raises through equity offerings and convertible notes by 2027. The company recently expanded its ATM programs to include up to an additional $21 billion of MSTR, $21 billion of STRC and $2.1 billion of STRK.

STRC has become a larger part of the company’s financing structure. The variable-rate perpetual preferred stock pays monthly dividends and is designed to trade near a $100 par value. It currently offers an annualized rate of about 11.5%.

Strategy has proposed shifting STRC dividend payments from once per month to twice per month. The company said the change could improve liquidity management, reduce reinvestment delay and support price stability.

Saylor Clarifies Bitcoin Sale Comments

The renewed purchase came after Saylor addressed concerns over comments that Strategy may sell small amounts of Bitcoin in the future to help cover STRC dividend obligations.

During the company’s first-quarter earnings call, Saylor said Strategy could sell some Bitcoin to fund dividends and show the market that the company can use its BTC reserves when needed. The remark drew attention because Saylor has long been associated with the phrase “never sell your Bitcoin.”

Over the weekend, Saylor clarified that any Bitcoin sale would be limited and tied to capital management. He said Strategy would remain a net accumulator of Bitcoin and would buy far more BTC than it sells.

Strategy reported a $12.5 billion net loss in the first quarter, mostly due to a $14.5 billion unrealized markdown on its Bitcoin holdings. Management pointed to demand for its preferred shares and continued financing access as important parts of its treasury plan.

JPMorgan analysts said last week that Strategy’s Bitcoin purchases could reach about $30 billion in 2026 if the company continues buying at its current pace. That would exceed the roughly $22 billion bought in both 2024 and 2025.

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