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Strategy Inc. buys 535 BTC, eyes $200 stock price as Bitcoin rebounds above $80K

Market News
11 May 2026
Benzinga
Bullish
pluang ai news

Strategy Inc. purchased 535 Bitcoin at $80,340 each, adding $43 million to its holdings, now totaling 818,869 BTC. This marks a return to weekly Bitcoin buys after a brief pause and brings their total Bitcoin position to over 3.9% of the 21 million supply cap. The company funded these purchases through sales of common and preferred stock, with the latter offering an 11.5% annual dividend. JPMorgan analysts predict Strategy could buy up to $30 billion in Bitcoin this year, as the stock price nears the $200 mark for the first time since November 2025, riding Bitcoin's recovery above $80,000. A break above $200 could push the stock to $235-$240, while failure to hold could see a drop to $157.

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