New York, Feb 21, 2026, 14:10 EST — Markets shut their doors for the session.
- Strategy shares ticked up 1.24% to $131.05 by Friday’s close, capping off a turbulent session.
- The company’s latest annual filing revealed updated numbers on its bitcoin holdings and how it plans to fund them.
- Bitcoin’s weekend moves and fresh disclosures have traders on alert heading into Monday.
Strategy Inc (MSTR) finished Friday’s session at $131.05, up 1.24%. Shares moved within a $129.41 to $136.14 range on the day, with volume at roughly 17.6 million. (Yahoo Finance)
U.S. equity markets are closed for the weekend, so eyes shift to bitcoin for Strategy’s next cue. The cryptocurrency runs 24/7, and it has a habit of pulling stocks along for the ride.
The connection is key: Strategy now stands out as one of the market’s most liquid equity bets for those looking to play bitcoin—occasionally posting even sharper moves than the cryptocurrency itself.
Strategy—formerly known as MicroStrategy—switched its legal name in 2025, but the MSTR ticker stuck around. The company’s core business is still enterprise analytics software. Still, for most investors, it’s mainly about the bitcoin-loaded balance sheet and a capital-markets machine bolted on. (Strategy)
Strategy’s annual report, filed Thursday, showed it was sitting on about 717,131 bitcoin as of Feb. 13, purchased at a total of $54.5 billion, or around $76,027 per coin. Based on 4 p.m. Coinbase pricing that same day, the haul was valued at $49.3 billion—less than what the company paid. Strategy noted that its cost basis on the bitcoin now tops fair value. The report also listed $8.25 billion in debt, $8.47 billion in dividend-paying preferred stock, and a $2.25 billion “USD Reserve.” Strategy intends to cover dividends and interest primarily by selling securities into the market over time through its at-the-market (ATM) program, which includes $7.9 billion in available class A stock capacity. (SEC)
Former officer Shao Wei-Ming signaled plans to sell 5,000 class A shares, according to a separate Form 144. The filing listed Feb. 19 as the likely date for the sale. (Contentstack)
Bitcoin climbed roughly 1.3% on Saturday, trading near $68,621. Weekend shifts like this can set the stage for Strategy and other crypto-related stocks once Wall Street opens again.
Friday’s close saw a mixed bag among crypto-adjacent bellwethers. Coinbase wrapped the session up roughly 3.3%. Marathon Digital, one of the bigger bitcoin miners, barely budged, while Riot Platforms slipped around 3.4%, market data showed.
But it’s hardly a one-way bet. Bitcoin sits under Strategy’s reported average cost, and the company’s been relying on selling shares to meet fixed payments. If the token drops again, concerns over dilution and funding expenses could resurface.
On deck for next week: Monday’s market reopen, plus any new financing news or bitcoin moves. Also, Strategy hosts its “Bitcoin for Corporations 2026” event at Wynn Las Vegas, set for Feb. 24-25. Investors will be watching to see if the firm hints at another capital raise, or if the message is a pullback. (Strategy)
