MSTR Stock Dips as Saylor Adds 8,178 BTC
MSTR stock fell to its lowest since October 14, sliding 57% below its 2025 peak as Bitcoin’s downturn triggered technical sell signals. Last week, MicroStrategy, led by CEO Michael Saylor, purchased 8,178 BTC for about $835.6 million at around $102,171 per coin, boosting total holdings to 649,870 BTC valued at $61.7 billion. Despite a daily death cross and futures open interest dropping to $64 billion, Saylor cited strong institutional demand and limited supply as reasons to keep buying. The company’s market cap has shrunk from $128 billion in August to $57 billion today. Technical indicators—a death cross, double-top at $455, and a breach of the 61.8% Fibonacci retracement—point to further downside toward $125 unless MSTR stock climbs above $230 resistance. Saylor remains confident Bitcoin will outperform gold and the S&P 500 over time.
Bullish
Despite Bitcoin’s short-term technical weakness marked by a death cross and falling open interest, MicroStrategy’s acquisition of 8,178 BTC underscores strong institutional conviction. Historically, large-scale accumulations by leading firms have preceded bullish market reversals. Saylor’s continued buying amid price dips boosts confidence and liquidity, likely supporting a medium- to long-term rebound. While traders may face near-term volatility, the signal of sustained demand suggests a bullish outlook for both Bitcoin and MSTR stock.