MicroStrategy shares fall another 5% as confidence in Saylor’s Bitcoin plan wanes

A temporary increase in the performance of strategic shares was registered this week, after their shares fell again on Tuesday, continuing the series of declines in recent months.

This came after the company acquired $118 million worth of Bitcoin, demonstrating a lack of investor confidence in the aggressive accumulation strategy pioneered by founder Michael Saylor.

Sponsored

Sponsored

MSTR declines despite new Bitcoin buying

Strategy (formerly MicroStrategy) announced on Monday that it had purchased 1,287 bitcoins, bringing its reserves to 673,783.

The purchase happened at a time when the price of Bitcoin rose briefly after the conflict between the United States and Venezuela, but the company’s shares did not maintain the momentum.

MSTR’s stock price peaked at $167.24, then quickly fell to $155 before settling at $157. Its failure to regain momentum, even in relatively favorable market conditions, raised questions about investor confidenceLong-term sustainability.

These developments have also occurred at a time when overall performance has been strategic In constant retreat By mid-2025.

Sponsored

Sponsored

Cash reserves fail to alleviate concerns

According to Bloomberg, Strategic made an unrealized loss of $17.44 billion in the fourth quarter of last year. The continued pressure to sell has caused Its stock has fallen by about 50% throughout 2025.

Since then, the company has built a cash reserve through the sales of common stock, and recently increased it from $ 62 million to $ 2.25 billion in parallel with its latest purchases of Bitcoin.

However, he stopped Investors are worried However, Strategy may eventually have to sell some of its Bitcoin if its price falls further. This concern is no longer just theoretical.

CEO Vaughn Lee first admitted in late November The company can sell its properties In specific crisis conditions. His announcement marked a major shift from Saylor’s longstanding belief to “never sell.”

Start in 2026 and the forecast is still tough.

Although Strategy found some relief on Tuesday after MSCI announced that it will not exclude digital asset holders from its index in February, the fate of Bitcoin’s price remains uncertain.

If another sharp drop occurs, your strategy will inevitably be affected. In addition, Continued increases in exposure to Bitcoin It will likely amplify the impact and undermine investor confidence.