Strategy Shares Jump 10% as Bitcoin Rally Returns $60.5B Holdings to Profit
Strategy shares surged over 10% to as high as $173 on April 17 after Bitcoin climbed above $78,000, marking the company’s $60.5 billion digital asset treasury back in the black for the first time since January. The rally followed Iran’s announcement that the Strait of Hormuz would remain open through a 10-day ceasefire, driving risk-on sentiment.
1. Stock Reaction to Bitcoin Breakout
On April 17, Strategy stock (MSTR) climbed over 10%, peaking at $173, after Bitcoin’s intraday high of $78,384 invalidated a seven-month descending resistance trend. The move marked Strategy’s strongest daily performance in more than a month and highlighted the stock’s tight correlation with Bitcoin price action.
2. Treasury Holdings Return to Black
Strategy’s treasury of approximately 781,000 Bitcoin, acquired at an average cost of $75,577, regained profitability as its $60.5 billion digital asset position moved into positive territory for the first time since January. The bullish shift relieved pressure on the firm and its co-founder Michael Saylor, who faced criticism over mounting paper losses earlier in 2026.
3. Geopolitical Catalyst and Risk Sentiment
The price surge was driven by Iran’s declaration that the Strait of Hormuz would stay open during a 10-day ceasefire between Israel and Lebanon, prompting oil prices to fall and broader risk assets to rally. Analysts note this geopolitical easing underscores Strategy’s vulnerability to global risk sentiment rather than crypto-specific fundamentals.