Why Did MSTR Stock Surge? Strategy Splurges $1.57 Billion to Buy Bitcoin, BTC May Surge to $100,000

BTC3,43%

Gate News Report, on March 17, Strategy announced the completion of its largest Bitcoin accumulation since 2026, causing MSTR stock to rise significantly. The company disclosed that between March 9 and 15, it purchased 22,337 BTC at an average price of approximately $70,194, totaling about $1.57 billion, boosting market sentiment.

After this transaction, Strategy’s total Bitcoin holdings increased to 761,068 BTC, with a total investment of approximately $57.61 billion, and an average cost of about $75,696 per BTC. The company has been adding to its position for 12 consecutive weeks, further solidifying its status as the largest publicly traded Bitcoin holder globally. Funding sources mainly include preferred stock and common stock financing, with 10% Series A perpetual preferred stock raising about $1.18 billion, and approximately $396 million raised through Series A common stock.

Following the announcement, MSTR pre-market rose about 6%, with the stock approaching $145. Market sentiment improved along with Bitcoin, which briefly surged above $73,600. Analysts note that $150 represents a short-term resistance level; if broken effectively, the stock could further test $160. Conversely, $140 is a key support; if broken, the price may fall back to the $135 range.

The company’s Executive Chairman Michael Saylor confirmed the buyback plan and continued to express confidence in Bitcoin’s long-term value. Although there is still an unrealized loss of about $3.35 billion on paper, the market believes that as long as Bitcoin maintains its upward trend, this strategy remains sustainable.

From a price structure perspective, Bitcoin is currently in a critical zone. $72,500 is seen as a short-term support level; if it holds, the price could gradually rise toward the $80,000 to $90,000 range, and even challenge the $100,000 mark. Conversely, a drop below $70,000 could dampen market confidence and drag down related assets.

Additionally, macro factors are also worth noting. The upcoming Federal Reserve interest rate decision could impact capital flows, especially amid rising demand for spot ETFs and increasing geopolitical risks. Analysts point out that MSTR’s future performance will still heavily depend on Bitcoin’s price movements, with a strong correlation remaining at this stage.

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