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Strategy Buys Its Biggest Bitcoin Haul In Five Months—But The Stock Still Can't Find Its Footing

MarketDash Editorial Team
4 hours ago
Strategy Inc. just dropped nearly $1 billion on Bitcoin, marking its largest weekly purchase since summer. But investors aren't impressed—the stock remains stuck in a brutal six-month downtrend with no clear way out.

Strategy Inc. (MSTR) disclosed Monday that it scooped up 10,624 Bitcoin (BTC) worth about $962.7 million last week, marking its biggest weekly haul since July. It's an impressive show of commitment to the Bitcoin accumulation strategy that defines the company. Too bad the stock market doesn't seem to care.

Nearly A Billion Dollars In Bitcoin, Funded By Dilution

The purchase brings Strategy's total Bitcoin holdings to 660,624 coins, acquired for about $49.35 billion at an average purchase price of roughly $74,696 per coin. CEO Michael Saylor announced the company has achieved a 24.7% Bitcoin yield year to date, which sounds great until you look at what happened to the stock price.

According to the SEC filing, Strategy sold 5.13 million shares of common stock and 442,536 shares of preferred stock to fund the purchase, generating approximately $963 million in proceeds. That's the playbook here: sell shares, buy Bitcoin, repeat. The question investors keep asking is whether this strategy creates value or just shifts it around.

A Six-Month Beating That Won't Quit

The chart tells a pretty brutal story. MSTR has dropped more than 60% from the $400s down into the $170s over the past six months. This wasn't a sudden crash where everyone panicked at once—it was a slow, grinding decline where every attempted bounce got methodically sold. Think of it as death by a thousand cuts rather than one dramatic collapse.

Right now the stock is sitting at the bottom of a long downward channel, trying to build some kind of base. But there's no real conviction behind the move. The price action looks exhausted, but not necessarily ready to reverse.

A Traffic Jam Of Resistance Overhead

Here's where things get tricky for anyone hoping for a quick recovery. The daily chart shows a cluster of resistance levels stacked between roughly $195 and $215. You've got the 20-day moving average, the 50-day moving average, and the mid-channel trendline all sitting right on top of each other.

This creates what traders call a "traffic jam" of resistance—multiple layers where sellers can push back against any rally attempt. For investors who bought higher and have been underwater for months, each of these levels represents a potential exit opportunity. That means even modest bounces tend to stall quickly, not because the fundamental story has broken, but because too many people want out at once.

A Pulse, But Not A Heartbeat

The short-term chart does show some improvement. There's been a break above a minor trendline, which confirms that buyers stepped in at least temporarily. But the move hasn't developed into anything resembling a real trend. Recent candles show sideways drift around $180 to $185, with momentum indicators sitting near neutral territory.

Traders watching this say a more definitive shift would require a push above $190 to $195 followed by sustained strength. Right now, it's more like a patient sitting up in bed rather than actually getting out of it.

The Levels That Matter

On the downside, support sits near $170 to $175. If that breaks, the next danger zone appears around $158 to $160. In a truly severe scenario where sellers regain full control, a deeper pullback could target $120, though that would require something going seriously wrong.

On the upside, initial resistance rests at $190 to $195, followed by heavier resistance at $200 to $210. The really important level sits at $243—that's where the long-term technical setup would start to look constructive again. Until Strategy can reclaim that zone, the stock remains stuck in distribution mode with more questions than answers.

The irony is almost perfect: Strategy keeps accumulating Bitcoin at an impressive pace, but the market keeps punishing the stock. Whether that changes depends on Bitcoin's direction, investor appetite for dilution, and whether trapped shareholders finally run out of shares to sell.

Back to News

Strategy Buys Its Biggest Bitcoin Haul In Five Months—But The Stock Still Can't Find Its Footing

MarketDash Editorial Team
4 hours ago
Strategy Inc. just dropped nearly $1 billion on Bitcoin, marking its largest weekly purchase since summer. But investors aren't impressed—the stock remains stuck in a brutal six-month downtrend with no clear way out.

Strategy Inc. (MSTR) disclosed Monday that it scooped up 10,624 Bitcoin (BTC) worth about $962.7 million last week, marking its biggest weekly haul since July. It's an impressive show of commitment to the Bitcoin accumulation strategy that defines the company. Too bad the stock market doesn't seem to care.

Nearly A Billion Dollars In Bitcoin, Funded By Dilution

The purchase brings Strategy's total Bitcoin holdings to 660,624 coins, acquired for about $49.35 billion at an average purchase price of roughly $74,696 per coin. CEO Michael Saylor announced the company has achieved a 24.7% Bitcoin yield year to date, which sounds great until you look at what happened to the stock price.

According to the SEC filing, Strategy sold 5.13 million shares of common stock and 442,536 shares of preferred stock to fund the purchase, generating approximately $963 million in proceeds. That's the playbook here: sell shares, buy Bitcoin, repeat. The question investors keep asking is whether this strategy creates value or just shifts it around.

A Six-Month Beating That Won't Quit

The chart tells a pretty brutal story. MSTR has dropped more than 60% from the $400s down into the $170s over the past six months. This wasn't a sudden crash where everyone panicked at once—it was a slow, grinding decline where every attempted bounce got methodically sold. Think of it as death by a thousand cuts rather than one dramatic collapse.

Right now the stock is sitting at the bottom of a long downward channel, trying to build some kind of base. But there's no real conviction behind the move. The price action looks exhausted, but not necessarily ready to reverse.

A Traffic Jam Of Resistance Overhead

Here's where things get tricky for anyone hoping for a quick recovery. The daily chart shows a cluster of resistance levels stacked between roughly $195 and $215. You've got the 20-day moving average, the 50-day moving average, and the mid-channel trendline all sitting right on top of each other.

This creates what traders call a "traffic jam" of resistance—multiple layers where sellers can push back against any rally attempt. For investors who bought higher and have been underwater for months, each of these levels represents a potential exit opportunity. That means even modest bounces tend to stall quickly, not because the fundamental story has broken, but because too many people want out at once.

A Pulse, But Not A Heartbeat

The short-term chart does show some improvement. There's been a break above a minor trendline, which confirms that buyers stepped in at least temporarily. But the move hasn't developed into anything resembling a real trend. Recent candles show sideways drift around $180 to $185, with momentum indicators sitting near neutral territory.

Traders watching this say a more definitive shift would require a push above $190 to $195 followed by sustained strength. Right now, it's more like a patient sitting up in bed rather than actually getting out of it.

The Levels That Matter

On the downside, support sits near $170 to $175. If that breaks, the next danger zone appears around $158 to $160. In a truly severe scenario where sellers regain full control, a deeper pullback could target $120, though that would require something going seriously wrong.

On the upside, initial resistance rests at $190 to $195, followed by heavier resistance at $200 to $210. The really important level sits at $243—that's where the long-term technical setup would start to look constructive again. Until Strategy can reclaim that zone, the stock remains stuck in distribution mode with more questions than answers.

The irony is almost perfect: Strategy keeps accumulating Bitcoin at an impressive pace, but the market keeps punishing the stock. Whether that changes depends on Bitcoin's direction, investor appetite for dilution, and whether trapped shareholders finally run out of shares to sell.