{"id":12420,"date":"2026-08-26T19:49:12","date_gmt":"2026-08-26T19:49:12","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12420"},"modified":"2026-08-26T19:49:12","modified_gmt":"2026-08-26T19:49:12","slug":"mstr-beats-bitcoin-as-strc-races-back-toward-100","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12420","title":{"rendered":"MSTR beats Bitcoin as STRC races back toward $100"},"content":{"rendered":"

<\/p>\n

\n

Bitcoin’s sharp two-week recovery, which briefly pushed its value above $80,000, has brought Michael Saylor’s Strategy BTC treasury back into profit and lifted its common stock faster than the cryptocurrency.<\/p>\n

BTC’s price rebound accelerated after the US Treasury moved to expand buybacks of longer-dated government debt, easing pressure on yields and weakening the dollar.<\/p>\n

Renewed optimism around US crypto policy, heavy short liquidations, and stronger demand for spot Bitcoin exchange-traded funds added further momentum to the upward move.<\/p>\n

As a result, Bitcoin briefly topped $81,000 on Tuesday, its highest level in more than three months, after spending much of the first half of August near the low-$60,000 range. It has slightly retraced to $78,772 as of press time.<\/p>\n

Still, the price recovery has reached a critical point for Strategy, which spent the summer rebuilding liquidity and supporting its preferred securities after falling Bitcoin prices raised questions about its financing model.<\/p>\n

The company has not resumed Bitcoin purchases, but the value of its existing holdings has risen enough to put more than $3 billion of unrealized gains back on its balance sheet.<\/p>\n

MSTR outruns Bitcoin despite heavy share issuance<\/h2>\n

Strategy’s common MSTR stock has rebounded even faster than Bitcoin despite the company continuing to issue large amounts of new equity.<\/p>\n

MSTR closed at $92.52 on Aug. 18 before climbing to $126.79 on Tuesday, a gain of about 37%. Bitcoin gained roughly 22% over the same period, rising from about $64,700 to around the $79,000 to $80,000 range.<\/p>\n

\"Strategy's\"Strategy's
Strategy’s MSTR vs Bitcoin Price Performance (SaylorTracker)<\/figcaption><\/figure>\n

That performance marks a reversal from the pressure that surrounded MSTR earlier in the summer, when declining Bitcoin prices and concerns about Strategy’s preferred-stock obligations weighed on confidence in the company’s capital structure.<\/p>\n

Strategy holds 840,447 Bitcoin acquired for $63.36 billion at an average price of $75,385. At Bitcoin prices around $80,000, the position is worth roughly $67 billion, leaving the company with more than $3 billion in unrealized appreciation over its aggregate purchase cost.<\/p>\n

However, these gains have come without fresh Bitcoin accumulation. Strategy has not purchased Bitcoin since June and has sold\u00a0a total of 6,948 Bitcoin for roughly $432.5 million since beginning its new monetization program in May 2026<\/p>\n

Instead, Strategy has continued leaning on its common stock for capital.<\/p>\n

Between Aug. 17 and Aug. 23 alone, the company sold 18.26 million MSTR shares through its at-the-market program and raised $2.01 billion in net proceeds. Since adopting its Bitcoin strategy, Strategy has sold about 139.45 million common shares and raised approximately $42.12 billion.<\/p>\n

\"Strategy's\"Strategy's
Strategy’s MSTR Raises (Source: CryptoQuant)<\/figcaption><\/figure>\n

The scale of the latest issuance makes MSTR’s rally notable because shareholders absorbed substantial new supply as the stock climbed.<\/p>\n

It also underlines the trade-off embedded in Strategy’s financing model: common-stock sales provide liquidity without requiring Bitcoin sales, but dilute existing shareholders when the proceeds do not immediately increase Bitcoin exposure per share.<\/p>\n