MSTR Stock Climbs As Bitcoin Bets And Buybacks Expand

Circle Internet Group (CRCL) rose 6% to $90.65 after the OCC finalized stablecoin rules under the GENIUS Act. Strategy (MSTR) gained 8% to $154.41, and Coinbase (COIN) increased 5% to $178.86. The iShares Bitcoin Trust ETF (IBIT) climbed 3%, outpacing the S&P 500. Circle's Q2 2026 report showed revenue growth of 6.6% to $701.3 million, with USDC in circulation up 25% to $76.5 billion.

U.S.-listed Bitcoin companies Strategy (MSTR) and Strive (ASST) are offering high-yield preferred stocks with annual dividends of 12-15%, raising sustainability concerns. Critics argue these payouts rely on new share issuance and Bitcoin sales. Strategy plans daily dividends for its 12% preferred stock, while Strive has issued a 15% preferred stock, raising $630 million. Both companies' dividend funding depends on continuous investor inflow and Bitcoin price appreciation.

Bitcoin treasury companies Strive and Strategy face financing challenges. Strive issued $630M in preferred stock with a 17% yield, oversubscribed by 25%. Strategy halted dividends on its 12% yield stock and relies on equity offerings. High financing costs threaten their crypto accumulation models, according to Bloomberg.

Clear Street raised its price target for MicroStrategy (MSTR) to $211, keeping a buy rating. The firm noted improved financials due to STRC repurchases and increased USD reserves, enabling Bitcoin purchases with STRC trading near par.

Michael Saylor, executive chairman of MicroStrategy (MSTR), stated Bitcoin (BTC) has begun a new bull run and could reach six figures within a year. He cited supportive regulatory guidance and monetary policy shifts. MSTR stock rose over 5% during midday trade. Clear Street raised its price target to $211, citing improved funding. Bitcoin's price was around $82,400, valuing MSTR's holdings at $69.92 billion.

Strategy acquired 267 BTC for $22.1 million and repurchased $193.1 million of STRC preferred stock, raising its buyback authorization to $3 billion. The company's Bitcoin holdings now total 848,517 BTC, according to its SEC filing. Michael Saylor noted the purchases and the expansion of the digital asset-backed securities repurchase program.