MSTR Ends Eight-Month Slide With Strong April Rebound
Strategy Inc.’s MSTR stock closed April with its strongest technical signal in months, finally breaking an eight-month losing streak. The stock gained more than 32% for the month, drawing fresh attention to Michael Saylor’s Bitcoin-linked equity strategy.
The rebound came even as Bitcoin critic Peter Schiff continued to attack the company’s funding model and Bitcoin accumulation approach. Market data shows MSTR rising from an April open near $126.18 to close around $165.45, marking a 32.57% monthly gain.
Key Support Holds as Selling Pressure Fades
April’s close was MSTR’s fifth positive month in the 17 months since it reached an all-time high in November 2024. The recovery followed months of pressure tied to Bitcoin weakness, dilution concerns, and ongoing debate over Strategy Inc.’s capital-raising methods.
According to MSTR’s monthly chart, the stock bounced after testing the $100–$130 zone. That area previously acted as resistance before turning into support. The same level held during the second and third quarters of 2024, before MSTR rallied more than 430% toward its all-time high near $543.
The same range came back into focus in February, where the stock touched the area and moved higher, strengthening its status as a major support floor. Momentum indicators suggest that bearish pressure has weakened, but not fully reversed. The MACD histogram showed shrinking red bars, signaling that downside momentum is fading. The RSI remains below the neutral 50 level, at 45.71, indicating sellers still hold a slight advantage. However, the indicator has moved away from deeper oversold conditions, showing buying pressure is gradually returning.
Strategy’s Bitcoin Buying Continues Amid Schiff Criticism
The April rally coincided with continued Bitcoin accumulation by Strategy Inc. In an April 27 SEC-linked disclosure, the company said it bought 3,273 BTC for about $255 million. The purchase was made at an average price of $77,906 per coin.
This lifted Strategy Inc.’s total holdings to 818,334 BTC, acquired for about $61.81 billion at an average cost of $75,537. The company funded the purchase by selling 1.45 million MSTR shares through its at-the-market program. The filing also showed about $26.47 billion of remaining MSTR issuance capacity.
Meanwhile, Bitcoin antagonist Peter Schiff criticized the structure, arguing that funding costs had moved toward instruments carrying costs near 11.5%. He also questioned whether buying Bitcoin would keep supporting BTC or MSTR at previous rates. Schiff’s criticism intensified further this week, with reports saying he called MSTR and Strategy’s STRC preferred equity structure scams while comparing the setup to failed crypto-linked schemes.
Despite the criticism, April’s candle placed price action back at the center of the debate. MSTR traded near $165 at press time, while Bitcoin hovered around $77,239 after rising 12% in April. The next test is whether that rebound can build into a sustained trend or fade into another relief rally after months of pressure.
