Key Highlights
- MSTR shares gained over 5% during Wednesday’s early trading session
- Capital Group acquired 4.32 million shares valued at approximately $747M, pushing its aggregate position to $1.78B
- The company recaptured the #1 Bitcoin holder position from BlackRock’s IBIT, marking its first time at the top 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 upgraded its MSTR price target to $212 while reaffirming an Overweight stance
Shares of Strategy climbed more than 5% during Wednesday’s opening hours, driven by substantial institutional investment activity and significant progress in the company’s Bitcoin treasury expansion.
Capital Group, operating through its American Funds Fundamental Investors vehicle, acquired 4.32 million MSTR shares in a deal valued at approximately $747 million. This transaction elevates Capital Group’s aggregate ownership to 10.33 million shares, currently worth about $1.78 billion.
This represents one of the most significant institutional commitments to MSTR witnessed in recent quarters.
Strategy has also achieved a notable benchmark that Bitcoin market observers have been monitoring closely. The firm has overtaken BlackRock’s iShares Bitcoin Trust (IBIT) in absolute Bitcoin ownership — marking the first instance 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 complete holdings now reach 815,061 coins. By comparison, IBIT controlled roughly 806,178 coins as of April 20.
This recent purchase represents Strategy’s biggest individual Bitcoin transaction since November 2024. The company financed this acquisition through $2.54 billion in securities sales, which included more than 21.7 million shares of STRC preferred stock and approximately 2.16 million shares of MSTR common stock.
IBIT had experienced rapid expansion to become one of the most successful Bitcoin exchange-traded funds following its debut. Strategy’s climb back to the summit of the holdings rankings demonstrates the company’s intensely aggressive accumulation approach.
The equity had already demonstrated strength heading into Wednesday’s session. MSTR has gained 24% throughout the past week, although it continues to trade 43% below its levels from six months earlier.
Analyst Optimism Grows
Cantor Fitzgerald increased its MSTR price objective to $212 from $192 on April 21, maintaining an Overweight recommendation on the shares. At that moment, MSTR was changing hands near $170.81.
The investment bank indicated that market participants are increasingly focusing on forward-looking Bitcoin dynamics in anticipation of Strategy’s Q1 fiscal 2026 financial results, slated for release on May 2 following market close.
Cantor observed that despite Strategy recording losses 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 from quantum computing to Bitcoin’s security — continues to attract scrutiny. Several Bitcoin improvement proposals have been introduced, though Cantor emphasized that considerable development work lies ahead before the network achieves quantum-resistant capabilities.
Regarding financial health, Cantor stated that Strategy demonstrates solid positioning to manage growing interest expenses stemming from expanded STRC issuance. The organization maintains a current ratio of 5.62, indicating liquid assets substantially exceed near-term liabilities.
According to TipRanks analytics, MSTR carries a Strong Buy consensus recommendation, with Wall Street’s average price target sitting at $281.25 — suggesting potential appreciation of approximately 71% from current trading levels.
Strategy’s fiscal Q1 2026 earnings report is scheduled for May 2 after market close.
