- MSTR gained 32.57% in April, ending eight straight monthly red candles with a bullish close.
- Strategy Inc. bought 3,273 BTC for $255M, lifting total Bitcoin holdings to 818,334 BTC.
- Peter Schiff criticized Strategy’s funding model, as dilution and financing concerns remained.
Strategy Inc.’s MSTR stock ended April with its strongest technical signal in months, closing higher after eight straight monthly red candles. The move drew fresh attention to Michael Saylor’s Bitcoin-linked equity strategy as the stock gained more than 32% for the month.
The rebound came even as Peter Schiff continued criticizing the company’s funding model and Bitcoin accumulation strategy. Market data showed MSTR rising from an April open near $126.18 to close around $165.45, marking a 32.57% monthly gain.
MSTR Bounces From Key Support as Selling Pressure Eases
MSTR’s April close was its fifth positive month in 17 since the stock reached its all-time high in November 2024. The rebound followed months of pressure tied to Bitcoin weakness, dilution concerns, and debate over Strategy Inc.’s capital-raising approach.
According to MSTR’s monthly chart, the stock bounced after testing the $100–$130 zone, an area that previously acted as resistance before turning into support. That level held during the second and third quarters of 2024 before MSTR rallied more than 430% toward its all-time high near $543.
Source: TradingView
The same range came back into focus again in February, where the stock touched the area and moved higher, strengthening its status as a major support floor. Momentum indicators, however, showed that bearish pressure had weakened rather than fully reversed.
The MACD histogram showed shrinking red bars, signaling that downside momentum was fading. The RSI also remains below the neutral 50 level, at 45.71, which signals that sellers still hold a slight advantage. Nevertheless, the indicator has moved away from deeper oversold conditions, showing that buying pressure is gradually returning
Strategy’s Bitcoin Buying Spree Faces Fresh Schiff Criticism
The April rally also 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.
It lifted Strategy Inc.’s total holdings to 818,334 BTC, acquired for about $61.81 billion at an average cost of $75,537. Per the report, 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.
Regardless, 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.
Related: Strategy Buys 3,273 BTC, Extends Massive Bitcoin Accumulation Streak
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