MSTR shares fell as much as 8% on Tuesday after bitcoin slid below $90,000, hitting U.S. markets as investors rotated toward gold and other assets. Traders cited geopolitical noise and a renewed crypto selloff as the main drivers of the drop.
U.S. President Donald Trump vowed to “100%” follow through on a threat to impose tariffs on European countries opposing his Greenland bid. Major U.S. stock indexes were down more than 1% Tuesday, while leading crypto-linked equities dropped further.
Year-to-date, MSTR is up over 4% despite the recent pullback. Earlier gains came after a policy shift from MSCI that kept bitcoin and crypto treasury companies in its indexes.
MSCI stated that “distinguishing between investment companies and those holding digital assets requires further research; hence, the companies and assets will feature in MSCI’s index.” (Ed. note: That decision supports further institutional exposure to bitcoin and related firms.)
Led by executive chairman Michael Saylor, the company added about $2.1 billion in bitcoin during 2026 purchases. MSTR bought 22,305 BTC at an average price near $95,300, bringing total holdings to 709,715 coins purchased for roughly $53.9 billion, or about $76,000 per coin on average.
Between January 1 and 4, 2026, MSTR acquired 1,283 BTC for about $116 million at an average near $90,400 per coin. If bitcoin rebounds, investors may return to MSTR and lift the stock again.
