Charles Schwab Corporation increased its ownership of MicroStrategy, Inc. by purchasing an additional 91,859 shares on February 17, 2026. The new stake brings Schwab’s total holdings to roughly 1.27 million shares, a value of about $168 million based on the closing price of MicroStrategy’s stock at the time of the transaction.
The purchase expands Schwab’s exposure to MicroStrategy’s Bitcoin holdings, which total more than 20 000 BTC. By adding a modest but visible position in a leading Bitcoin proxy, Schwab signals confidence in the cryptocurrency market and aligns with its broader crypto strategy, which includes a Crypto Thematic ETF (STCE) and plans to launch direct spot Bitcoin and Ethereum trading on its Thinkorswim platform in the first half of 2026.
MicroStrategy’s Q4 2025 results showed a net loss of $12.6 billion, largely driven by unrealized paper losses on its Bitcoin holdings as the price fell. The company’s revenue for the quarter was $123 million, a 1.9% increase from the prior year, reflecting steady demand for its business‑intelligence software while the Bitcoin‑related losses offset earnings. Schwab’s own Q4 2025 performance was strong, with net revenues of $6.3 billion, a 19% year‑over‑year increase, and adjusted EPS of $1.39, underscoring the firm’s solid financial footing as it expands into crypto.
Management commentary highlights the strategic fit of the investment. CEO Rick Wurster noted that Schwab’s upcoming spot Bitcoin and Ethereum trading will be integrated into Thinkorswim, positioning the firm as a key player in institutional crypto access. CEO Michael Saylor emphasized that Bitcoin remains central to MicroStrategy’s financial strategy, reaffirming the company’s commitment to its Bitcoin‑centric approach despite short‑term accounting losses.
The market reaction to Schwab’s stake was muted. While the investment was viewed as a positive signal for institutional adoption of digital assets, it did not trigger a significant shift in MicroStrategy’s valuation. Analysts continued to focus on the company’s long‑term Bitcoin strategy and the broader volatility of the cryptocurrency market.
Schwab’s investment also reflects confidence in its own crypto initiatives. The firm’s Q4 2025 earnings beat expectations, driven by strong client growth and disciplined cost management, and its guidance for FY 2026 maintains a robust outlook, indicating management’s confidence in sustaining growth while expanding crypto offerings.
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