MSTR Stock Price Rises as Michael Saylor’s Strategy Pauses Weekly Bitcoin Purchases
Highlights
- The MSTR stock rose as much as 3% at the market open today.
- This comes as Strategy paused its weekly Bitcoin buy, ending its streak which dated back to November.
- The stock price is also up as Strategy has settled a class action lawsuit.
The MSTR stock price is up at the market open today, rebounding from last week’s lows. This comes amid Michael Saylor Strategy’s announcement that it did not buy any Bitcoin last week, ending a weekly streak that dates back to November last year.
MSTR Stock Price Rebounds From Last Week’s Lows
The crypto stock is up over 3% today, rebounding from last week’s close of around $122, according to TradingView data. MSTR is currently trading at around $128 and had climbed to as high as $130 at the market open this morning.
The MSTR stock price rebound comes amid Strategy’s SEC filing today, which revealed that the company did not buy any Bitcoin last week. The company stated that during the period between March 23 and 29, 2026, it did not sell any shares under its at-the-market (ATM) offering program and did not purchase any Bitcoin.
Strategy still holds approximately 762,099 BTC, which it acquired for $57.69 billion at an average purchase price of $75,694 per BTC. It is worth noting that last week was the first time since November 2025 that the company didn’t make a weekly Bitcoin purchase, ending a 16-week buying streak.
Meanwhile, the MSTR stock price is also up alongside Bitcoin, which has rallied to $68,000 today. The BTC price has gained up to 2% today, rising from an intraday low below $67,000. The rally for MSTR and BTC comes as peace talks between the U.S. and Iran progress, with optimism that the war, which is now in its fifth week, could end soon.
Strategy Settles Class Action Suit
The MSTR stock price is also up as Strategy revealed in the SEC filing that it had settled a class action suit related to the STRK amendment. The company revealed that counsel for both parties had entered into a Stipulation and [Proposed] Order Dismissing the Action as Moot.
This provides for dismissal of the lawsuit as moot with prejudice as to the Plaintiff and without prejudice as to claims belonging to any other actual members of the putative class. As part of the Stipulation, the company agreed to seek a stakeholder approval of the proposal to ratify the STRK amendment at its next annual meeting and also agreed to pay Plaintiff’s attorneys’ fees and expenses.
STRK, a preferred security and other Bitcoin-backed securities that Strategy has issued, have become a significant part of the Bitcoin accumulation flywheel. As CoinGape recently reported, Strategy has expanded its funding program, primarily using STRC alongside MSTR, which has been positive for the MSTR stock price by reducing dilution.
It is worth noting that Strategy recently filed a new $21 billion ATM program for MSTR and STRC. The company plans to use this to fund the next wave of Bitcoin purchases once this latest ATM program finishes.
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