A pro-grade research workspace with advanced charts, company data and real-time news. Now part of Yahoo Finance Gold.Learn more Michael Saylor's Strategy jumps as the company says it bought more bitcoin The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading.
Coinbase pays us for certain activity generated through this link. Prices displayed are informational. **What happened:** Strategy (MSTR) stock rose more than 7% pre-market Monday after the bitcoin holding company disclosed it bought more of the token and repurchased preferred stock last week. The move pushed Strategy stock back into positive territory for the year—up about 1% since January—underscoring a major reversal after a number of tough months for the bitcoin holding giant. **What's behind the move:** Strategy (MSTR) bought 950 bitcoin and repurchased about 1.77 million of its preferred stock (STRC) last week, it said in a Monday 8-K filing.
The bitcoin juggernaut also used another $57.4 million to fund dividends on preferred stock and outstanding interest payments. After those purchases, Strategy said its USD and cash reserves were $1.05 billion and $5.04 billion, respectively. The disclosure came as other crypto stocks rallied, and bitcoin's price jumped more than 6% to trade above $85,000, its highest level since January.
It followed a cryptic yet suggestive Sunday post on X from founder Michael Saylor, which read "a little more orange." **What else you need to know:**Pressure on Strategy began mounting earlier this year as bitcoin and the wider crypto market descended into a prolonged winter. The company's financial engineering began to sputter amid lower crypto prices as it was forced to sell bitcoin and stock to raise funds for debt and preferred stock dividend payments. After an initial tumble following the failure of the crypto industry's big bill to advance in the Senate, Saylor, along with Coinbase CEO Brian Armstrong, called for the industry to quickly look past the black eye, arguing the crypto world might be better off without the legislation.
Michael Saylor, executive chairman and co-founder of Strategy, poses for a photograph during the "Bitcoin Treasuries Unconference" cryptocurrency event, in New York City, New York, U.S., September 17, 2025. /Joy Malone· / _David Hollerith covers a range of developments throughout the financial sector, from Wall Street to banking and asset management to crypto and fintech. Email him at [email protected]. Follow him on X at @DsHollers._ **Click here for in-depth analysis of the latest stock market news and events moving stock prices** **Read the latest financial and business news from Yahoo Finance** Data DisclaimerHelpFeedbackSitemapLicensingWhat's NewAbout Our AdsPremium Plans
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