Strategy Shares Surge Amid Dollar Reserve and Profit Forecast Update
Trading in Strategy (MSTR) shares spiked Monday to the highest level since December 2024, even as the Nasdaq-listed stock fell following announcements of a new dollar reserve and revised full-year earnings guidance.
More than 42.9 million shares changed hands, according to TradingView, while the stock slipped 3.25%, closing at $171.42.
Strategy is the world’s largest publicly traded bitcoin treasury company, holding approximately 650,000 BTC, valued at about $56 billion. The company began buying bitcoin in 2020 to hedge against the dollar’s declining purchasing power, according to founder Michael Saylor, and has since raised capital through preferred stock sales to fund additional purchases.
On Monday, Strategy announced a $1.44 billion reserve to cover dividend payments on preferred shares and interest on outstanding debt. The company also updated its full-year outlook, forecasting a net loss of $5.5 billion to net income of $6.3 billion, reflecting bitcoin’s 30% decline from its October record high.
