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.
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