Strategy (MSTR) bought about $264 million more in Bitcoin during the market’s slow early 2026 phase. The Michael Saylor-established firm now holds 712,647 BTC worth roughly $63 billion and expects prices above $100,000.
Strategy (MSTR) stock has closely tracked Bitcoin and the company holds about 3.4% of the 21 million supply. The stock fell over 60% in the past six months following Bitcoin’s earlier slide from $120,000.
Shares are testing a $160 support level that has held since December. MSTR dropped roughly 65% from July’s $473 peak to December’s $160.41 low and has since consolidated in a $160 to $180 range, forming a possible triple-bottom.
Analysts warn the Bitcoin accumulation strategy increases reliance on capital markets and may erode shareholder value. The stock trades near the bottom of its 52-week moving average and would likely need a Bitcoin rebound to recover.
If the stock keeps falling while Bitcoin remains stagnant, markets could start to price in “liquidation risk.” (Ed. note: This would require Bitcoin to remain below the company’s average cost near $76,000 over a sustained period.)
Investors have shown limited appetite for MSTR shares in recent weeks. The stock currently clings to roughly $160 amid ongoing uncertainty.
