Strategy (MSTR) Is Up 29.1% After Resuming Bitcoin Buys and Preferred Stock Buybacks – What's Changed

Strategy’s shares rose 29.1% after the company resumed purchasing Bitcoin and began buying back its preferred stock, signaling renewed confidence in its capital-allocation strategy. The moves follow a pause linked to financing and market conditions, and indicate that Strategy is again using its balance sheet and capital markets to increase Bitcoin exposure while supporting its securities. The rally reinforces the stock’s sensitivity to Bitcoin prices, though it also highlights the company’s continuing reliance on financing and premium valuation to fund further accumulation.