Key Takeaways
- MSTR shares surged over 5% during early Wednesday market hours
- Capital Group acquired 4.32 million shares valued at approximately $747M, pushing its total stake to $1.78B
- The company overtook BlackRock’s IBIT as the largest Bitcoin holder for the first time since the second quarter of 2024
- Strategy’s Bitcoin treasury now totals 815,061 BTC following a $2.54B acquisition of 34,160 coins
- Cantor Fitzgerald increased MSTR’s price target to $212 while reaffirming its Overweight recommendation
Strategy shares jumped more than 5% during Wednesday’s early trading session, driven by significant institutional investment activity and a notable achievement in the company’s Bitcoin acquisition program.
Through its American Funds Fundamental Investors fund, Capital Group acquired 4.32 million Strategy shares in a deal valued at approximately $747 million. This transaction elevates Capital Group’s overall stake to 10.33 million shares, currently worth roughly $1.78 billion.
The investment represents one of the most significant institutional positions taken in MSTR during recent quarters.
Strategy has also achieved a notable benchmark that Bitcoin market participants have been monitoring closely. The firm has now overtaken BlackRock’s iShares Bitcoin Trust (IBIT) in total Bitcoin ownership — marking the first time it has claimed this position since the second quarter of 2024.
Battle for Bitcoin Supremacy
After completing its most recent acquisition of 34,160 Bitcoin for $2.54 billion, Strategy’s aggregate holdings now reach 815,061 coins. By comparison, IBIT maintained approximately 806,178 coins as of April 20.
This recent acquisition represents Strategy’s most substantial single Bitcoin purchase since November 2024. The company financed this transaction through $2.54 billion in security sales, encompassing more than 21.7 million shares of STRC preferred stock and approximately 2.16 million MSTR shares.
Since its debut, IBIT had rapidly established itself as among the most successful Bitcoin ETFs available. Strategy’s recapture of the top position in the holdings ranking demonstrates the company’s aggressive accumulation approach.
The stock had already exhibited strength prior to Wednesday’s session. MSTR has gained 24% throughout the past week, although it continues to trade 43% below its level from six months ago.
Analyst Raises Outlook
On April 21, Cantor Fitzgerald elevated its price target on MSTR from $192 to $212, maintaining an Overweight rating. At that moment, MSTR was changing hands around $170.81.
The firm indicated that investor focus is transitioning toward prospective Bitcoin dynamics in advance of Strategy’s Q1 fiscal 2026 earnings report, scheduled for release on May 2 following market close.
Cantor observed that although Strategy posted unprofitable results over the trailing twelve months, Wall Street analysts anticipate the company will achieve profitability during the current year.
A subject that emerged during the Q4 earnings discussion — the potential long-term threat quantum computing poses to Bitcoin — continues to draw attention. Several Bitcoin improvement proposals have been introduced, though Cantor emphasized that considerable development work remains before the protocol achieves quantum-resistant capabilities.
Regarding financial stability, Cantor stated that Strategy appears adequately prepared to manage increasing interest expenses stemming from expanded STRC issuance. The company 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 rating among analysts, with an average price target of $281.25 — suggesting possible upside of approximately 71% from current trading levels.
Strategy is scheduled to report Q1 2026 earnings on May 2 following market close.
