BTC, MSTR: MicroStrategy Returns to Profit as Bitcoin Breaks $77,000 Resistance

MicroStrategy Returns to Profit as Bitcoin Breaks $77,000 Resistance

Apr 17, 2026 13:38 UTC

BTC, MSTR

Short term

Bitcoin has decisively reclaimed the $77,000 level, marking a significant recovery from its February lows. The rally has pushed the asset to $77,751.71, breaking through resistance levels that had previously stalled price action during failed recovery attempts in February and March. This price action directly benefits MicroStrategy (MSTR), the largest corporate holder of Bitcoin. With an average acquisition cost of $75,577 per coin, the company's holdings have returned to a net profit position, providing a fundamental boost to the firm's balance sheet. From a technical perspective, Bitcoin has gained more than 25% since its early February bottom near $60,000. It is currently trading above its 100-day moving average of $74,774, a level that had previously acted as a ceiling during previous tests of the trend. MicroStrategy shares responded to the breakout with an 8% jump. The stock is now trading above its 200-week moving average, a long-term trend indicator that suggests a potential shift in momentum for the company as it continues its aggressive Bitcoin treasury strategy.

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MicroStrategy Returns to Profit as Bitcoin Breaks $77,000 Resistance

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