Shares in the strategy plunged today, falling more than 8% in trading, as Bitcoin traded to fresh one-year lows and crypto risk assets came under renewed pressure.
The decline pushed MSTR’s share price to levels not seen since late 2024, reinforcing a multi-month downtrend that has left the stock among the worst performers on the Nasdaq this year.
Bitcoin’s decline – falling below key technical thresholds over the weekend and early week – has reverberated through markets, hitting crypto-linked stocks particularly hard.
Shares of major crypto platforms such as Robinhood and Circle also lost ground, highlighting the increasing correlation between Bitcoin prices and related stocks.
With over 713,000 Bitcoins on its balance sheet, purchased at an average price near $76,000 per coin, Strategy is struggling with unrealized losses following Bitcoin’s recent drop below this level.
Despite price declines, Chairman Michael Saylor has made it clear that Strategi will not sell its Bitcoin — and is actually doubling down on purchases even as the market falls, signaling his intent to keep accumulating more.
In his messages, he has basically said that he is comfortable holding and adding even on weakness, not cashing out when prices fall.
Strategy bought more bitcoin last week
Earlier this week, Strategy said it bought 855 bitcoins worth about $75.3 million, paying an average price of $87,974 per bitcoin. BTC, according to a Monday filing.
The acquisition came just days before bitcoin fell below $75,000 over the weekend on a brisk selloff that briefly pushed Strategy’s coffers close to $1 billion in unrealized losses.
Now the price of bitcoin is below these levels near $74,000.
The company now has 713,502 BTC, acquired for about $54.26 billion at an average price of $76,052 per coin.
Last week’s purchase was fully funded through the sale of common stock, following Strategy’s ongoing capital-raising approach to funding bitcoin purchases. The purchase of 855 bitcoin was significantly less compared to previous company purchases.
At the time of writing, bitcoin’s price fell below $74,000 today, the lowest level in a year. The Bitcoin price has now rebounded by more than 40% from its all-time highs of late 2025.
Prior to today, the one-year low for the bitcoin price was $74,747. Strategy shares started the day at $139.66 but are currently trading at $128.87. The stock’s 52-week high was around $450 per share.