MicroStrategy Stock Rallies as Bitcoin Breaks $78K, Unrealized Gains Return to $1.37B

Gate News message, April 18 — MicroStrategy (MSTR) shares surged on April 17 as Bitcoin climbed above $77,000 and briefly topped $78,000 for the first time since February’s selloff. The stock gained as much as 13.83% during the session, trading near $169.54, with some reports showing daily gains around 8%. The rally marked a significant shift for Michael Saylor’s company, which returned to an unrealized profit position with paper gains now standing at approximately $1.37 billion.

MicroStrategy holds 780,897 BTC, currently valued at roughly $60.817 billion. With Bitcoin’s average purchase price at $75,577, the latest price recovery pushed the company above its cost basis after reporting $14.5 billion in unrealized losses in the first quarter. The stock also broke above its 200-week moving average, a long-term technical level that often attracts market attention.

The Bitcoin strength came as investors reacted to easing Middle East tensions. A 10-day ceasefire between Israel and Lebanon took effect on April 16, and President Donald Trump indicated negotiations with Iran were progressing. WTI crude oil fell 11.9% to $83.42 a barrel, while the S&P 500 and Nasdaq each gained 1.7%, supporting broader risk asset recovery and Bitcoin’s upward move.

Meanwhile, Peter Schiff renewed criticism of MicroStrategy’s STRC perpetual preferred stock, calling its structure “misleading to constitute fraud” and warning of potential lawsuits if dividends were canceled. The STRC currently carries an annualized yield of 11.5% paid through monthly dividends and has become a key funding source for the company’s Bitcoin acquisitions.