Strategy (MSTR) Stock; Reclaims $100 as Bitcoin-Per-Share Advantage Nearly Disappears

Strategy stock climbed back above $100, but the Bitcoin-per-share gain has almost completely disappeared since March. Share dilution accelerated faster than Bitcoin accumulation, weakening the benefit of recent purchases for common shareholders. The company sold MSTR shares and Bitcoin while directing cash toward STRC preferred-stock buybacks and dividends. Analysts remain broadly bullish despite lower targets.