Strategy ($MSTR) has purchased yet another stack of Bitcoin (BTC-USD), increasing its already substantial holdings. The business intelligence company disclosed in a Monday U.S. SEC filing that it bought 34,164 BTC between April 13 and April 19.
The purchase cost about $2.54 billion at an average price of $74,395 per coin, making it the firm’s largest single Bitcoin acquisition this year. Following the report, Cantor Fitzgerald analyst Ramsey El Assal raised his price target on MSTR stock to $212 from $192 on April 21, maintaining an Overweight rating.
Analyst Lifts MSTR Price Target as BTC Stash Tops BlackRock
El-Assal’s revised 10% price forecast for MSTR signals expectations that the stock will outperform the broader market, with Strategy’s ongoing Bitcoin accumulation likely seen as a key growth driver. Founder and executive chairman Michael Saylor disclosed via X that the recent acquisition brings the firm’s total holdings to 815,061 BTC. This pushes the total holdings to roughly $61.56 billion, at an average buy price of $75,527 per coin.
With the latest addition, Strategy now surpasses BlackRock’s ($BLK) iShares Bitcoin Trust ($IBIT), which holds 802,823 BTC, cementing its position as the largest institutional Bitcoin holder globally. The firm’s purchase was funded by a $2.2 billion fund raised from sales of its Stretch ($STRC) preferred stock, along with an additional $366 million from a common MSTR stock offering.
With Bitcoin currently trading around $75,000, Strategy is roughly at break-even on its holdings based on its average cost basis. Meanwhile, MSTR stock surged more than 15% on April 17, the same day BTC rose. However, the stock experienced a slight dip following its latest BTC purchase and is now trading around $167.
Critics Raise Alarm Over Strategy’s Aggressive BTC Buys
American economist Peter Schiff argued on X that Bitcoin’s latest rebound was a result of aggressive buying rather than underlying market strength, warning that a collapse is inevitable. He criticized Saylor’s BTC accumulation strategy, warning that the company was relying on higher-cost capital, citing its preferred shares, which yielded nearly 11.5%.
He added that the firm may not cover these costs with software revenue alone, and additional Bitcoin purchases could lead to more share issuance, diluting shareholders. Similarly, Canadian billionaire Frank Giustra described the approach as a “giant Ponzi” that could unravel in a future financial crisis. Meanwhile, Strategy reported a $14.46 billion unrealized loss on its Bitcoin holdings for Q1 2026 and missed analyst estimates by a wide margin.
Despite these concerns, CEO Phong Le noted that in one week, Strategy’s BTC dollar gain jumped 82% to $4.97 billion year-to-date. The firm also reported a 9.5% BTC yield in 2026 following its latest purchase. Additionally, the company’s results reinforce its trajectory, with a BTC yield of 22.8% and a $8.9 billion BTC gain, according to its Q4 and full-year 2025 earnings released on February 5, 2026.
Is MSTR a Good Stock to Buy?
Strategy (MSTR) stock currently carries a Strong Buy consensus rating based on 12 Wall Street analysts tracked by TipRanks. All the analysts recommend Buy, and none suggest a Hold or Sell. MSTR stock also has a projected 12-month price target of $279.58, suggesting roughly 67.9% upside from current levels. Further insights on the stock are available via the TipRanks Stock Comparison Center.
