MicroStrategy Shares Jump 12% as Bitcoin Holdings Return to $60.5 B Profits
Cooling Middle East tensions triggered Iran’s Strait of Hormuz reopening, sending Bitcoin above $78,000 and fueling a 12% rally in MicroStrategy shares. The company’s 781,000-coin treasury, accumulated at an average cost of $75,577, hit $60.5 billion in market value, marking its first return to profitability in three months.
1. Geopolitical Catalyst Spurs Bitcoin Rally
Iran’s declaration that the Strait of Hormuz will remain fully open during the ceasefire eased crude supply concerns, pushing oil prices lower and risk assets higher. Bitcoin surged above $78,000 intraday—its highest level since early February—on the renewed risk-on sentiment.
2. Treasury Holdings Back in the Black
MicroStrategy’s 781,000-coin treasury, amassed at an average purchase price of $75,577, reached a market value of $60.5 billion, returning to positive territory for the first time since January. The shift ended three months of paper losses and relieved pressure on the company’s balance sheet.
3. Stock Price Reaction and Technical Levels
Shares of MicroStrategy jumped as much as 12% on April 17, trading above $173 at its session peak—the highest since mid-January. The stock’s move aligns with Bitcoin’s breakout above its descending resistance trendline and a narrowing gap between the 50-day and 200-day EMAs.
4. Risks and Outlook
Despite the short-term rally, the 50-day EMA remains below the 200-day EMA, signaling that the broader uptrend is not yet confirmed. Ongoing Middle East stability, Bitcoin’s ability to hold above key support levels, and potential shifts in risk sentiment will determine whether the recovery sustains.