MSTR’s stock price rose at the market open today, rebounding from last week’s lows. This comes amid Michael Saylor Strategy’s announcement that it did not buy any Bitcoin last week, ending a weekly streak dating back to November last year.
MSTR stock price is rebounding from last week’s lows
the Crypto stock The stock price rose more than 3% today, rebounding from last week’s close of around $122, according to TradingView data. MSTR is currently trading at around $128 and has risen to $130 at market open this morning.
MSTR stock price rebound comes amid Introducing SEC strategy todayWhich revealed that the company did not purchase any Bitcoin last week. The company stated that between March 23 and March 29, 2026, it did not sell any shares under its offer-to-market (ATM) program and did not purchase any Bitcoin.
The strategy still owns approximately 762,099 BTC, which it acquired for $57.69 billion at an average purchase price of $75,694 per BTC. It should be noted that last week was the first time since November 2025 that the company did not purchase Bitcoin weekly, ending a 16-week buying streak.
Meanwhile, MSTR’s stock price also rose alongside Bitcoin, which rose to $68,000 today. the Bitcoin price It rose as much as 2% today, up from an intraday low below $67,000. The rise in MSTR and BTC comes as peace talks between the US and Iran progress, with optimism that the war, now in its fifth week, may end soon.
The strategy settles the class action lawsuit
MSTR’s stock price also rose as the strategy disclosed in an SEC filing that it had settled a class action lawsuit related to the STRK modification. The firm disclosed that counsel for both parties had entered into a stipulation and order (proposed) dismissing the action as moot.
This provides for the dismissal of the claim as meritless with prejudice to the plaintiff and without prejudice to the claims of any other actual members of the putative class. As part of the condition, the Company agreed to seek stakeholder approval of the motion to ratify the STRK Amendment at its next annual meeting and also agreed to pay plaintiff’s attorneys’ fees and expenses.
STRK, the preferred and other bitcoin-backed securities issued by the strategy, has become an important part of the bitcoin accumulation flywheel. As CoinGape recently reported, The strategy expanded its funding programmeusing STRC primarily in conjunction with MSTR, which has been positive for MSTR’s stock price by reducing dilution.
It is worth noting that Strategy recently introduced a new $21 billion ATM program for MSTR and STRC. The company plans to use this to fund the next wave of Bitcoin purchases once the latest ATM program ends.
