Overview
- MSTR touched $140.25 and closed near $143 after Bitcoin fell below roughly $84,000, marking a drop of about 10% on the day.
- Regulatory filings show Strategy raised about $264 million via at-the-market sales, including 1,569,770 common shares for $257 million and 70,201 STRC preferred shares for $7 million.
- The company used those proceeds to buy 2,932 BTC at an average $90,061 each, bringing total holdings to 712,647 BTC, or about 3.4% of supply.
- At roughly a $46 billion market cap versus about $60 billion in bitcoin holdings, MSTR trades near 0.7x of its bitcoin net asset value as investors weigh debt, dilution and liquidity risks.
- Q4 2025 results are due February 5, with Wall Street expecting a narrower loss of about $0.08 per share, and the firm maintains a ~$2.19 billion cash reserve for roughly 21 months of obligations.