MSTR Made $1.3 Billion In Bitcoin Over Two Weeks, Says Saylor – ‘BTC Gain Is the Closest Analog To Net Income’

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Key points:
In a post on X, Executive Chairman Michael Saylor said Strategy generated 17,585 Bitcoin Gain in the first two weeks of April, worth $1.3 billion.
The company continued regular accumulation, adding $1 billion in Bitcoin to its holdings on Monday.
Strategy share price was trading up by 1% during mid-day trading hours, while the Variable Rate Series A Perpetual ‘Stretch’ Preferred Stock traded in red.
Strategy Inc (MSTR) Executive Chairman Michael Saylor said on Wednesday that the company generated 17,585 Bitcoin (BTC) in gains in the first two weeks of April, worth $1.3 billion.

On X, Saylor described “BTC Gain” as the closest analog to net income under what he called a “Bitcoin Standard,” framing the metric as a way to measure performance based on Bitcoin accumulation.

He said that Strategy, the largest corporate holder of Bitcoin, reported gains of 17,585 for the quarter to date, alongside a year-to-date gain of 37,339 Bitcoin. Strategy’s total Bitcoin holdings stand at 780,897 BTC, valued at over $59 billion.

This came after the company disclosed that it had purchased $1 billion worth of Bitcoin on Monday, continuing its accumulation of the asset. The purchase was funded entirely by its Variable Rate Series A Perpetual ‘Stretch’ Preferred Stock (STRC), which was trading at $99.29, down 0.71% during midday trading.

Strategy CEO Phong Le also highlighted growing activity in the firm’s preferred shares, saying on Wednesday that liquidity in STRC is “roughly doubling every month,” with trading patterns around record dates drawing increased investor attention.

Strategy’s stock rose over 1% during mid-day. On Stocktwits, the retail sentiment around MSTR improved to ‘bullish’ from the ‘neutral’ zone, while chatter around it dipped to ‘normal’ from ‘high’ levels over the past day.

Investor Demand Builds Around Bitcoin-Linked Instruments

On Monday, TD Cowen analyst Lance Vitanza raised the price target on Strategy to $385 from $350, while maintaining a ‘Buy’ rating on the stock. The revision followed the company’s continued capital market activity.

The investment bank analyst noted that demand for Strategy’s “stretch” perpetual preferred shares had exceeded expectations, even as the company’s Bitcoin premium narrowed. According to TD Cowen, the instrument had seen growing interest among retail investors, institutional investors, and corporate treasuries.
source: https://www.tradingview.com/news/stocktwits:ec1d6a649094b:0/