Overview

• Shares traded below $300 for the first time since April, recently near $295–$297, cutting market value to about $84 billion from a year-to-date peak of $129 billion.
• Bitcoin dropped under $110,000 with head-and-shoulders and rising-wedge signals cited, intensifying pressure on the BTC-sensitive stock.
• Strategy’s mNAV multiple slid to roughly 1.195, weakening at-the-market issuance economics and raising dilution risk after management loosened its issuance guideline in August.
• Chart watchers flag a potential death cross in MSTR, with downside levels monitored near $240 per Peter DiCarlo and around $230 per recent technicals.
• The company now holds about 639,835 BTC after a purchase of 850 last week, drawing renewed criticism from Peter Schiff, who predicts a brutal bear market for Bitcoin-treasury firms.