February 2 News, Bitcoin price fell below $75,000, causing the Bitcoin holdings of Strategy to once again incur significant unrealized losses, with unrealized losses exceeding $900 million. This change has prompted the market to reassess MSTR’s risk exposure, and its stock price trend has come under new pressure.
Data shows that Strategy currently holds approximately 712,647 Bitcoins, with an average purchase cost of about $76,038. As Bitcoin weakens in the short term, the company’s overall book value has shifted from profit to loss. Although the losses are not yet realized, due to the high correlation between MSTR and Bitcoin prices, market sentiment has noticeably turned cautious.
In the past six months, MSTR’s stock price has declined by approximately 61%, currently hovering around $149. During overnight trading, it slightly retreated after previously rebounding, indicating ongoing bullish and bearish disagreements. Since Strategy continues to buy Bitcoin through equity financing, dilution risk has become a core concern for investors. When Bitcoin pulls back, the stock price often falls more significantly.
The company has not signaled any shift in strategy. Founder Michael Saylor reiterated a long-term bullish outlook on Bitcoin and stated that there is no imminent risk of forced asset sales. Analysts believe that as long as Bitcoin does not experience a deep decline, the company’s financial structure remains resilient, though volatility is unavoidable.
From a technical perspective, MSTR remains in a downward channel, with the price below major moving averages and near the lower Bollinger Band. The $165 to $170 range constitutes an important resistance, while $145 to $150 serves as short-term support. If this area is broken, the price may further test around $130. Although RSI has rebounded from oversold territory, it remains around 40, indicating that momentum has not yet strengthened.
The key now is whether Bitcoin can stabilize. If market sentiment for cryptocurrencies improves, MSTR may have the opportunity to build a bottom; conversely, if Bitcoin continues to face pressure, the stock price will still face downward risks. Topics such as “Strategy Bitcoin holdings risk,” “MSTR stock price trend analysis,” and “Bitcoin company stock volatility” are expected to remain focal points of market attention.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
NYSE Lifts Crypto Options Cap Across 11 BTC and ETH ETFs
Two NYSE-affiliated venues have scrapped the 25,000-contract cap on options tied to 11 crypto ETF options, a move the exchanges filed with the Federal Register on March 10. The Securities and Exchange Commission acknowledged the rule alterations on Sunday by waiving the standard 30-day waiting
CryptoBreaking15m ago
NYSE Exchanges Remove 25,000-Contract Options Cap on 11 Bitcoin and Ether ETFs
NYSE Arca and NYSE American have removed the 25,000-contract position and exercise limits on options tied to 11 spot Bitcoin and Ether exchange-traded funds (ETFs), with the rule changes filed on March 10, 2026, becoming immediately effective after the Securities and Exchange Commission (SEC) waived the standard 30-day waiting period.
CryptopulseElite29m ago
Gate Daily Report (March 23): MicroStrategy Releases Bitcoin Buy Signal; MajiDaBro's ETH Liquidation Incurs Losses of 30.35 Million
Bitcoin has continued to decline to around $67,950, with MicroStrategy founder Michael Saylor reiterating a buy-the-dip strategy. Huang Licheng's highly leveraged ETH position was completely liquidated, with losses exceeding $30.35 million. Fidelity has called on the US SEC to improve its regulatory framework for crypto assets. US stocks have broadly declined, and market sentiment remains cautious.
MarketWhisper32m ago
Bitcoin Miners' Mining Cost Reaches $88,000, Market Price $69,200, Average Loss of 21%
Bitcoin miners currently have an average production cost of $88,000, with market prices around $69,200, resulting in losses of 21%. Mining difficulty has decreased by 7.76%, with hash price approaching the break-even line. Most mining enterprises are shifting toward AI business, and increased miner Bitcoin sales are adding selling pressure to the market. The next difficulty adjustment is expected in early April, and if conditions persist, further downward adjustments may occur.
GateNews32m ago
Tianqiao Capital Founder: BTC Four-Year Cycle Still Valid, Expects Rally to Resume in 2026 Q4
Skybridge Capital founder Anthony Scaramucci stated that Bitcoin's current bear market can be explained by the four-year cycle theory, with long-term holders concentrating their selling around $100,000. He predicts that Bitcoin will rebound in the fourth quarter of 2026, marking the start of a new bull market cycle. While institutional investor inflows and ETF capital flows have suppressed the four-year cycle, they have not completely eliminated its pattern.
GateNews49m ago
