Strategy’s Bitcoin Position Is Now a Market Test

Bitcoin Drops Below MicroStrategy's Average Price as $900 Million Loss Raises Questions

TLDR: MicroStrategy faces a $900 million unrealized loss as Bitcoin trades below its average purchase price of holdings  The company’s Bitcoin is not used as collateral, eliminating margin call risks despite current price levels below cost  MicroStrategy holds 2.5 years cash runway for obligations, removing pressure to sell Bitcoin during downturn  Firm’s $8.24 billion debt matures between 2028-2030, providing flexibility during short-term pric…

Strategy’s $76K Cost Basis Emerges As A Key Market Stress Line

The key to understanding Bitcoin’s current market phase is not forecasting short-term price direction, but analyzing structure—where capital is concentrated, how that capital is financed, and whether fresh demand is entering the system. A recent CryptoQuant report shifts the focus away from narratives and toward these underlying mechanics, highlighting Strategy as a central structural reference […]

Strategy’s Bitcoin Position Is Now a Market Test

The post Strategy’s Bitcoin Position Is Now a Market Test appeared on BitcoinEthereumNews.com. Bitcoin Strategy has quietly moved beyond being just another corporate Bitcoin holder. With 713,502 BTC on its balance sheet, the company now controls about 3.6% of Bitcoin’s total supply. Key Takeaways Strategy’s Bitcoin position now sits right at its average cost, making it a clear market reference point. Recent buys above market price increase downs…

Strategy Inc (MSTR) stock drops after hours as bitcoin slides; SEC filing shows fresh buy

NEW YORK, Feb 3, 2026, 18:26 EST — After-hours Strategy Inc shares dropped 4.6% to $133.26 in after-hours on Tuesday, following a choppy day that saw the stock swing between $126.88 and $142.18. Bitcoin dropped 3.5%, hovering around $75,772 after dipping as low as $72,971 earlier. This shift is significant for Strategy since traders frequently use the stock as a stand-in for the token, and that connection can overshadow the software side of the …

Bitcoin Clings to Strategy’s Cost Basis; MSTR Slides 5%

On Tuesday, bitcoin slid to an intraday low of $72,863 per coin, at one point sending Strategy’s shares down as much as 9% against the U.S. dollar. By Wall Street’s close, MSTR ended the day around 5% lower. MSTR Shares Slide All eyes are fixed on Strategy as the spot price of bitcoin had slipped […]

Strategy ($MSTR) Plummets 8% As Bitcoin Hits One‑Year Lows

Shares of Strategy ($MSTR) plunged today, dipping more than 7% as Bitcoin traded at new one-year lows.