New York, February 13, 2026, 11:43 ET — Regular session
- Strategy Inc shares jumped roughly 8%, tracking bitcoin’s push back near $69,000.
- Shares tied to crypto, like Coinbase and several bitcoin miners, were on the rise too.
- Strategy’s preferred-share funding is on investors’ radar, along with an approaching dividend record date.
Strategy Inc (Nasdaq: MSTR) climbed 7.8% to $132.54 Friday, as bitcoin rallied 4.5% to $69,213. Crypto-linked stocks like Coinbase, Marathon Digital, and Riot Platforms moved up, too.
The bounce is notable: Strategy’s equity now acts as a leveraged stand-in for bitcoin. Investors lean on it to adjust their exposure, sidestepping direct coin ownership. That leverage cuts both ways, often sending the stock on sharper moves than bitcoin itself, particularly when risk sentiment turns.
Strategy’s website dashboard puts its bitcoin stash at 714,644 coins, with an average purchase price of $76,056 apiece—roughly $54.35 billion sunk into the asset. That kind of exposure leaves MSTR’s fortunes swinging right along with bitcoin’s daily moves, never mind that the company still has analytics software to sell.
Financing talk has resurfaced. The company has relied on at-the-market offerings—dribbling securities out over time into the open market—as well as preferred stock, which outranks common shares for dividends. STRC’s variable-rate preferred ended Thursday just shy of its $100 par, a mark traders eye closely. Trading near that level can dictate how affordably the company taps new funds.
Strategy bumped up STRC’s annual dividend rate to 11.25% for monthly cycles beginning Feb. 1, the company disclosed in a recent filing. It’s also putting out a $0.9375 per share dividend for February, with payment landing on Feb. 28 for shareholders on record as of Feb. 15.
Crypto policy chatter is picking up. U.S. Treasury Secretary Scott Bessent called for Congress to push ahead with a federal digital-assets bill, arguing it would bring “great comfort to the market” and should be ready for a spring signing. Reuters
But the risk remains. Should bitcoin slide again, Strategy faces steep downside: mark-to-market rules—valuing assets at the latest prices—were a big reason for the $12.4 billion loss booked in the fourth quarter. The company also slashed its 2025 forecast late last year after crypto markets took a hit. After the earnings release, Saylor emphasized to investors, “The actions by big finance, the actions by the big banks and the actions by the financial regulators are the fundamentals.” Reuters
MSTR keeps acting as the market’s bitcoin proxy, particularly heading into a weekend with the crypto open 24/7. Looking ahead, Feb. 15 stands out—holders have to be on record by then for Strategy’s latest STRC dividend.
