Shares of Strategy posted over 25% in gains during the last five trading days, driven by a record-breaking Bitcoin acquisition and a surge in bitcoin’s price above $78,000. The move underscored the company’s leverage to Bitcoin price movements and its continued reliance on preferred stock issuance to fund treasury expansion.​

Strategy’s stock opened April from a closing low near $119 on April 2, then ground higher throughout the month as Bitcoin prices recovered. By April 17, shares closed at $166.52 — a gain of more than 40% from that early-month trough.. On April 17 alone, shares surged 11.8% in a single session on volume that far exceeded the daily average.

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