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Shares of MicroStrategy (NASDAQ: MSTR) experienced a significant rise of approximately 9% on Friday, coinciding with Bitcoin’s resurgence to the $78,000 mark.
This surge occurred merely days after Executive Chairman Michael Saylor delivered a highly anticipated keynote address at the Bitcoin 2026 conference held in Las Vegas.
MSTR ascended past $180 per share during Friday’s trading session, building on its previous closing price near $165. The stock’s performance mirrored Bitcoin’s intraday gains, which saw BTC reach $78,961 by Friday afternoon, according to data from Bitcoin Magazine Pro.
This upward trend offers a much-needed recovery for MSTR shareholders who have faced considerable losses; the stock is still down over 70% from its all-time peak of more than $457 reached in November 2024.
The current price action is part of a broader rebound in Bitcoin, which has been gradually increasing since a sharp decline to the mid-$60,000s earlier this year. Bitcoin surpassed the $78,000 threshold last week as well, driven by short liquidations and an improved macroeconomic outlook following reports of progress in U.S.-Iran diplomatic discussions.
Polymarket’s May 1st contracts for BTC pricing indicated a 100% certainty that the digital asset would conclude the month within the $78,000–$80,000 range.
As a highly sensitive indicator for Bitcoin, MSTR’s stock typically magnifies BTC’s price fluctuations in both upward and downward movements. MicroStrategy currently holds approximately 818,334 Bitcoin on its balance sheet, representing about 3.9% of the total Bitcoin supply ever to exist, with an average acquisition cost of around $66,385 per coin.
Saylor: MicroStrategy’s STRC is thriving
The increase in stock value also follows a wave of renewed enthusiasm stemming from Saylor’s keynote at the Bitcoin 2026 conference in Las Vegas last week.
Instead of focusing on future Bitcoin price predictions or further Bitcoin acquisitions, Saylor’s presentation emphasized STRC — MicroStrategy’s Bitcoin-backed preferred stock — and presented a comprehensive argument that digital credit is positioned to capture trillions of dollars from the traditional credit market.
“The global credit market, valued at $300 trillion, presents a significantly larger opportunity than the Bitcoin market, which is approximately $2 trillion. MicroStrategy has developed the pioneering product to bridge these two markets,” Saylor stated during his address.
STRC, which offers a variable monthly dividend of 11.5% and is traded on the Nasdaq, has amassed a notional value of approximately $8.5 billion in less than nine months. Saylor asserted that this figure exceeds the combined value of all existing monthly-paying preferred securities currently in the market.
“This is gaining rapid traction,” he informed the attendees.
BlackRock’s iShares Preferred & Income Securities ETF has already invested approximately $210 million in STRC.
Saylor mentioned that STRC has facilitated the purchase of roughly 77,000 BTC year-to-date in 2026, a volume about ten times greater than the net inflows of all U.S. spot Bitcoin ETFs combined during the same period.
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Micah ZimmermanMicah first encountered Bitcoin in 2018 but remained a hesitant observer for an extended period. Since 2021, he has been reporting on cryptocurrency and business, and currently serves as a news reporter for Bitcoin Magazine, based in North Carolina.RELATED ARTICLES NEWS
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Based on materials from : bitcoinmagazine.com