Strategy Stock Jumps 12% to $173 High After Bitcoin Tops $78,000
Strategy’s shares climbed 12% to intraday highs near $173 as Bitcoin surged above $78,000 following Iran’s Strait of Hormuz reopening under a 10-day ceasefire. The firm’s 781,000 BTC position, acquired at an average $75,577, returned $60.5 billion to profit for the first time since January.
1. Geopolitical Trigger and Bitcoin Rally
Iran’s declaration that the Strait of Hormuz would remain fully open during a 10-day ceasefire sparked a risk-on shift, sending oil prices lower and Bitcoin above $78,000 for the first time since early February. The 3.8% intraday gain to $78,155 invalidated a seven-month descending resistance line that had capped rallies since October 2025.
2. Strategy’s Bitcoin Holdings Return to Profit
Strategy holds approximately 781,000 Bitcoin at an average cost basis of $75,577, representing a $60.5 billion corporate stake. Friday’s surge lifted its digital treasury out of a three-month loss position, marking the first profitable valuation of its BTC reserves since January.
3. Stock Performance and Market Context
On April 17, Strategy shares rallied as much as 12%, peaking near $173 per share—the highest level since mid-January—and closing up around 10% by mid-afternoon. Despite this bounce, the stock remains down over 40% year-to-date, highlighting ongoing volatility tied to broader risk sentiment and crypto market momentum.