Strategy Inc. (MSTR), the Bitcoin-focused treasury company, saw its stock rise more than 5% in early Wednesday’s trading, driven by a mix of fresh institutional inflows and a key milestone in its Bitcoin strategy.
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Capital Group Raises Bet with $747M Purchase
Institutional support for Strategy continues to build. Capital Group, through its American Funds Fundamental Investors (ANCFX), added 4.32 million shares in a transaction valued at roughly $747 million.
The purchase lifts its total holding to 10.33 million shares, now worth about $1.78 billion. The move by such a heavyweight asset manager underscores the growing belief that Strategy is the premier leveraged proxy for Bitcoin.
Strategy Reclaims Lead in Bitcoin Holdings
On the operational side, Strategy reached a notable milestone. The company has now overtaken BlackRock’s (BLK) iShares Bitcoin Trust (IBIT) in total Bitcoin holdings for the first time since Q2 2024.
Following its latest purchase of 34,160 Bitcoin for $2.54 billion, Strategy’s total holdings stand at 815,061 coins. By comparison, IBIT held about 806,178 coins as of April 20.
While IBIT quickly became one of the most successful Bitcoin ETFs, Strategy’s steady accumulation strategy has helped it regain the lead among large holders.
Is MSTR a Good Stock to Buy?
According to TipRanks data, Strategy stock currently carries a Strong Buy consensus rating based on bullish analyst sentiment. The average MSTR price target of $281.25 implies a potential 71.53% upside.
