MicroStrategy (MSTR) Surges 9% as Bitcoin Hits $78,000 Amid Broader Market Recovery

Shares of MicroStrategy (NASDAQ: MSTR) surged approximately 9% on Friday as Bitcoin clawed back to the $78,000 level. The stock climbed above $180 per share during the session, up from a prior close near $165, mirroring Bitcoin’s intraday advance to $78,961 by Friday afternoon, according to Bitcoin Magazine Pro data.

This rally offers a reprieve for MSTR investors, who have endured a steep decline—down more than 70% from its November 2024 all-time high of $457 per share.

The price action aligns with Bitcoin’s broader recovery, which has been steadily climbing since a sharp pullback to the mid-$60,000 range earlier in the year. Bitcoin surpassed the $78,000 mark last week, driven by short liquidations and improving macro sentiment following reports of progress in U.S.-Iran diplomatic negotiations. Polymarket contracts on May 1 BTC pricing showed 100% confidence the asset would finish in the $78,000–$80,000 range.

MicroStrategy’s Bitcoin Holdings and Market Influence

As a leveraged proxy for Bitcoin, MSTR tends to amplify BTC’s price movements in both directions. MicroStrategy currently holds approximately 818,334 Bitcoin on its balance sheet—roughly 3.9% of all Bitcoin that will ever exist—acquired at an average cost of around $66,385 per coin.

Michael Saylor Highlights STRC’s Growth at Bitcoin 2026 Conference

The stock surge coincides with renewed enthusiasm following Executive Chairman Michael Saylor’s keynote at the Bitcoin 2026 conference in Las Vegas. Saylor shifted focus from Bitcoin price targets or additional purchases to Strategy’s Bitcoin-backed preferred stock (STRC), positioning it as a revolutionary financial product bridging digital credit with traditional markets.

The world’s $300 trillion credit market is a much bigger opportunity than the world’s roughly $2 trillion Bitcoin market, and Strategy has built the first product to bridge the two.

STRC, which pays an 11.5% monthly variable dividend and trades on Nasdaq, has grown to approximately $8.5 billion in notional value in under nine months—larger, Saylor claimed, than the entire existing universe of monthly-paying preferred securities combined.

“This is going viral,” Saylor told the audience.

BlackRock’s iShares Preferred Income Securities ETF has already taken a roughly $210 million position in STRC.

Saylor also revealed that STRC has financed the acquisition of approximately 77,000 BTC year-to-date in 2026—roughly ten times the net inflow of all U.S. spot Bitcoin ETFs combined over the same period.