Key Stats for Strategy Stock
- 5-day Price Change for MSTR stock: -20%
- $MSTR Share Price as of Nov. 14: $200
- 52-Week High: $543
- 52-Week Low: $195
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What Happened?
MicroStrategy (MSTR) stock declined 20% last week as Bitcoin crashed below $95,000 for the first time since early May, dragging down the corporate Bitcoin treasury company despite Chairman Michael Saylor’s emphatic denials of selling rumors.
The cryptocurrency erased nearly all of its 2025 gains, falling over 15% in just the past two weeks as risk assets across the board sold off.
Crypto intelligence firm Arkham released data on Friday showing Strategy’s Bitcoin holdings had apparently dropped from 484,000 coins to 437,000 coins, representing a reduction of roughly 47,000 Bitcoin.
The report sparked panic selling in MSTR stock and ignited social media speculation that Saylor was capitulating on his famously bullish stance on Bitcoin.
Saylor quickly shut down the rumors in a CNBC interview on Friday morning. “We are buying, we’ll report our next buys on Monday morning,” he stated. “We’re accelerating our purchases” of Bitcoin.
Strategy’s official dashboard still showed 641,692 total Bitcoin holdings as of Friday, unchanged from Monday’s disclosure. The company acquired these coins for an aggregate $47.54 billion at an average price of $74,079 per Bitcoin.
The confusion stems from uncertainty about how frequently Arkham’s data updates versus Strategy’s official reporting.
Saylor dismissed the selling speculation entirely, posting an image on X showing himself on a life raft as a burning ship sank behind him with the caption “HODL” (hold on for dear life).
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What the Market Is Telling Us About MSTR Stock
Today’s selloff in MSTR stock reflects broader panic in cryptocurrency markets as Bitcoin’s correlation with risk assets becomes painfully clear.
The narrative that Bitcoin could serve as a valuable hedge against stocks or a safe haven like gold has completely broken down over the past two weeks. Bitcoin has badly lagged gold’s 50%+ climb in 2025 and the S&P 500’s 14% year-to-date gain.
Spot Bitcoin ETF investors are fleeing the asset class as funds like iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin (FBTC) saw nearly $867 million in collective outflows Thursday alone, according to Farside Investors.
The selling pressure intensified after Bitcoin broke through key technical support at the $100,000-$102,000 level that many traders had been watching.
For MSTR stock specifically, the company’s leveraged Bitcoin exposure creates amplified volatility in both directions.
Strategy reported third-quarter results last month, showing 640,808 Bitcoin holdings worth $71 billion, representing over 3% of all Bitcoin that will ever exist.
Strategy’s Q3 earnings showed the transformation fair value accounting has brought to the balance sheet. The company reported $3.9 billion in operating income, $2.8 billion in net income, and earnings of $8.43 per share—marking the second consecutive quarter of significant positive GAAP earnings.
For the first nine months of 2025, Strategy posted $12 billion in operating income and $27.80 in earnings per share.
The company has raised $19.8 billion in capital year-to-date to acquire more Bitcoin, with the capital mix shifting dramatically toward preferred equity offerings rather than convertible debt.
Strategy’s four listed preferred securities (STRF, STRK, STRD, and STRC) now total $6.7 billion in notional value. The BTC holder recently received its first credit rating from S&P, earning a B- issuer rating that opens doors to larger pools of institutional capital.
Saylor maintained his long-term bullish conviction despite backing off his previous $150,000 year-end Bitcoin price target. “Obviously it’s hard to make a forecast for the end of the year right now given what’s happened over the past few weeks,” he told CNBC.
But he insisted Bitcoin would “outperform” both gold and the S&P 500 over the long term and that the company has “put in a very strong base around here.”
Whether Friday’s decline represents a buying opportunity for MSTR stock depends entirely on your Bitcoin conviction and time horizon.
Strategy’s amplification model delivers 2.8x the performance of Bitcoin ETFs over time through disciplined capital deployment, but that leverage cuts both ways during corrections.
With $8.2 billion in convertible debt carrying an average cost of just 42 basis points and annual dividend obligations of $689 million (less than 1% of total Bitcoin holdings), the balance sheet can withstand significant volatility.
For investors with a time horizon of at least four years, the ongoing weakness may look attractive in hindsight if Bitcoin resumes its long-term uptrend.
For shorter-term traders, the technical damage and deteriorating sentiment suggest more pain could be ahead for MSTR stock before a durable bottom forms.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
