Key Highlights
- Strategy shares gained over 5% during Wednesday’s early session
- Capital Group acquired 4.32 million shares valued at approximately $747M, expanding its position to $1.78B
- Strategy overtook BlackRock’s IBIT to become the largest Bitcoin holder for the first time since the second quarter of 2024
- The company’s Bitcoin treasury reached 815,061 coins following a $2.54B acquisition of 34,160 Bitcoin
- Cantor Fitzgerald increased its MSTR price target to $212 while maintaining an Overweight stance
Strategy shares advanced more than 5% during Wednesday’s opening hours, driven by significant institutional buying activity and a major development in the company’s cryptocurrency accumulation efforts.
Capital Group, operating through its American Funds Fundamental Investors fund, acquired 4.32 million Strategy shares in a deal valued at approximately $747 million. This transaction elevates Capital Group’s aggregate holding to 10.33 million shares, currently worth about $1.78 billion.
This purchase represents one of the most substantial institutional commitments to MSTR witnessed in recent months.
Strategy has also achieved a significant benchmark that Bitcoin market observers have been monitoring closely. The firm has overtaken BlackRock’s iShares Bitcoin Trust (IBIT) in total Bitcoin ownership — marking the first time it has claimed this leadership position since the second quarter of 2024.
Battle for Bitcoin Supremacy
After completing its most recent acquisition of 34,160 Bitcoin for $2.54 billion, Strategy’s overall cryptocurrency holdings now total 815,061 coins. In comparison, IBIT maintained approximately 806,178 coins as of April 20.
This recent acquisition marks Strategy’s most substantial single Bitcoin purchase since November 2024. The company financed this transaction by selling $2.54 billion in securities, which included more than 21.7 million shares of its STRC preferred stock and approximately 2.16 million shares of MSTR.
IBIT had rapidly established itself as one of the most successful Bitcoin ETFs following its market debut. Strategy’s reclamation of the top holdings position demonstrates the company’s aggressive accumulation approach.
The stock had already been experiencing upward momentum prior to Wednesday’s session. MSTR has climbed 24% during the past week, although it continues to trade 43% below its levels from six months ago.
Analyst Upgrades Price Outlook
Cantor Fitzgerald elevated its price target on MSTR from $192 to $212 on April 21, while retaining an Overweight rating on the shares. At that time, MSTR was trading near $170.81.
The investment firm indicated that market participants are increasingly focusing on forward-looking Bitcoin dynamics in anticipation of Strategy’s Q1 fiscal 2026 earnings report, scheduled for release on May 2 following market close.
Cantor observed that although Strategy was not generating profits over the trailing twelve months, Wall Street analysts anticipate the company will achieve profitability during the current year.
One subject that emerged during the Q4 earnings discussion — Bitcoin’s long-term vulnerability to quantum computing threats — continues to attract attention. Several Bitcoin improvement proposals have been introduced, though Cantor emphasized that considerable development work remains before the protocol achieves a quantum-resistant architecture.
Regarding financial health, Cantor indicated that Strategy appears well-equipped to manage increasing interest expenses stemming from expanded STRC issuance. The company maintains a current ratio of 5.62, with liquid assets substantially exceeding near-term liabilities.
According to TipRanks data, MSTR carries a Strong Buy consensus rating, with the average analyst price target standing at $281.25 — suggesting potential appreciation of approximately 71% from current trading levels.
Strategy’s Q1 2026 earnings release is scheduled for May 2 after market close.
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