Stocks Strategy Bitcoin climbed back up to $78,000 on Friday (NASDAQ MSTR).
Just a few days ago, Executive Chairman Michael Saylor Delivered a keynote that grabbed headlines at the Bitcoin conference 2026 in Las Vegas.
MSTR rose above $180 on Friday, building off a previous close of $165. Bitcoins intraday gain, which took BTC from $78,961 to $78.961 on Friday afternoon was the catalyst for this move. Bitcoin Magazine Pro data.
You can also find out more about the following: rally is building up a welcome reprieve for MSTR investors who have endured a brutal stretch — the stock remains down more than 70% from its November 2024 all-time high above $457.
The price action This comes as part of a wider recovery for Bitcoin, which has steadily been moving higher ever since it was pushed back to mid-$60,000 earlier in the year. Bitcoin also surged above $78,000 last week, propelled largely by the short-liquidation of Bitcoin and an improving macro sentiment after reports that diplomatic talks between Iran and the U.S. had made progress.
Polymarket contracts on May 1 BTC pricing showed 100% confidence the asset would finish in the $78,000–$80,000 range.
MSTR is a proxy that leverages Bitcoin’s movement in both the up and down direction. Strategy 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.
Saylor’s STRC boom is on the rise
Saylor’s keynote speech, delivered at Bitcoin 2026 in Las Vegas on last Thursday, has also fueled new enthusiasm.
Saylor focused on the importance of a strong community. STRC — Strategy’s Bitcoin-backed preferred stock — and a sweeping thesis that digital credit is poised to cannibalize trillions of dollars in the legacy credit market.
“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,” Saylor made a point during the keynote.
STRC (which is STRC) 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,” “I told him the audience,” he said.
BlackRock’s iShares Preferred & Income Securities ETF has already taken a roughly $210 million position in STRC.
Saylor STRC The company has acquired approximately 77,000 BTC in the year 2026. This is roughly 10 times more than the total net flow of U.S. Bitcoin ETFs over this period.
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Source: bitcoinmagazine.com
