Unlocking the full potential of advanced high-strength bainitic steels in spot-welding is a pivotal endeavor for harnessing their extraordinary mechanical properties in the automotive industry. This study suggests a shift in paradigm to address the inferior fusion weldability of this type of steel because of the formation of coarse martensite within the welded zone of weldments obtained by liquid-state welding, through the strategy of refining the martensite within the weld zone using the solid-state friction stir spot welding (FSSW) process. This paper delves into an in-depth investigation of the microstructural evolution and load-bearing capacity of a Fe-0.25C-3Cr-1.63Mn-1.5Si (wt%) ultrafine bainitic steel, having a remarkable tensile strength of 1.7 GPa, during the intriguing process of FSSW at rotational speeds of 600 to 2000 rpm. The research uncovers that the stir zone (SZ) undergoes dynamic recrystallization, resulting in a significantly refined microstructure. Regardless of the rotational speed employed, the high hardenability of the steel and rapid cooling during the process inevitably results in martensite formation within this region. However, a comprehensive microstructural characterization conducted by the electron backscatter diffraction (EBSD) analysis proves that the different thermal cycles induced by different rotational speeds lead into various prior austenite grain sizes, martensitic/bainitic packets and blocks attributes, and density of high-angle grain boundaries (HAGBs). Through the evaluation of strengthening mechanisms in different weld zones, the study sheds light on the key factors influencing strength. Block boundaries emerge as the primary contributor to SZ hardening, surpassing the role of geometrically necessary dislocations (GNDs) and solid solution strengthening. The load-bearing capacity observed during the tensile-shear test is governed by a delicate interplay between bonding width and crystallographic features (block size and HAGBs density) of the martensite formed within the SZ. The highest peak load was achieved under optimal welding conditions (rotational speed of 1000 rpm), which enabled the production of a sufficiently large bonding width, providing ample bonding area for load-bearing, along with an abundance of blocks and HAGBs to effectively impeding crack propagation.