这场大跌不仅让无数在杠杆交易中寻求暴富的中小投资者血本无归，更将通过大举发债、增发股票来豪赌比特币的上市公司Strategy推向破产边缘。 每经记者｜郑雨航 每经编辑｜何小桃 兰素英 加密货币市场正在遭遇一场震荡。 曾被誉为"数字黄金"的比特币，其价格从2025年10月超过12万美元的历史高位断崖式下跌，一度跌破6万美元关口。单在2026年初至今，其累计跌幅已超 23%，现报66457美元/枚。 该公司在2025年第四季度财报中披露了高达124亿美元的季度净亏损。公司创始人、比特币"铁杆信徒"Michael Saylor也首次松口，称"出售比特币也是一个 选项"。 Michael Saylor精心构建的"币价涨—股价涨—再融资—继续买币"的正向循环，在币价下行周期中迅速逆转为恶性循环，引发了市场对其偿债能力的担 忧。截至2月13日，公司股价自最高点滑落72%。 这场由价格暴跌引发的危机，正在深刻地拷问着比特币的价值根基。 单季巨亏124亿美元 比特币"巨鲸"Strategy到了破产边缘 2026年2月5日，比特币"巨鲸"Strategy发布的2025年第四季度财报显示，其季度净亏损高达124亿美元（约合人民币 ...

Strategy ( MSTR ) has undergone one of the most dramatic corporate changes in recent financial history. The company started as a business‑intelligence software company and has since evolved into something very different: a publicly traded BitcoinI am a former investment advisor and owner of several businesses. These days I invest only for myself while continuing to write on a variety of financial and economic topics.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of th ...

A broad investment strategy encompassing infrastructure across developed markets can offer U.S. investors a way to ride along with economic trends at a discount to the price/earnings valuation of the ... ...

We recently compiled a list of the 15 Best Strong Buy Tech Stocks to Invest In. Strategy Inc holds the seventh position on our list of best tech stocks. TheFly reported on February 6 that H.C. Wainwright raised its price target on MSTR to $540 from $500 and maintained a Buy rating. Despite poor investor sentiment and market volatility, the firm highlighted MSTR as its top stock pick for 2026 and cited the company’s steady Bitcoin-per-share increases and solid execution, including raising $3.9 billion to b ...

MicroStrategy Incorporated (NASDAQ:MSTR) is one of the most oversold NASDAQ stocks to invest in. MicroStrategy Incorporated (NASDAQ:MSTR) provided an update on its Bitcoin holdings in a regulatory filing on February 9, reporting that it acquired 1,142 bitcoin for approximately $90 million at an average purchase price of $78,815 between February 2 and February 8. The company now holds 714,644 bitcoin as of February 8, acquired for an aggregate purchase price of approximately $54.35 billion. Strategy Incorp ...

Notably, Saylor continues to be one of the biggest cheerleaders of Bitcoin. On the company's latest earnings call, Saylor stated, “Bitcoin is digital capital. We believe in it.” In a more detailed statement in a previous earnings call, CEO Phong Le also tried to assuage investors by saying, “In the extreme downside, if we were to have a 90% decline in bitcoin price, and the price was $8,000, that is the point at which our bitcoin reserve equals our net debt.” Reportedly, Le elaborated that Bitcoin "would ne ...

Robinhood, Strategy, and Other Crypto Stocks Fall. Why There's Hope for a Rebound. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Robinhood, Strategy, and Other Crypto Stocks Fall. Why There's Hope for a Rebound.By [Alex Kozul-Wright]Share ...

MicroStrategy’s (MSTR) founder and executive chairman, Michael Saylor, says the software-firm-turned-crypto-proxy will buy Bitcoin (BTCUSD) “every quarter forever.” His latest remarks on CNBC came shortly after MSTR loaded up on another 1,142 BTC for about $90 million, pushing its overall hoard to more than 714,000. At the time of writing, MicroStrategy stock is down more than 25% versus its year-to-date high. More News from Barchart www.barchart.com Why MSTR Stock Slipped on Saylor’s Remarks? MSTR s ...

Strategy, formerly known as MicroStrategy, remains locked in a persistent bear market. The Michael Saylor-led company has struggled to regain momentum as its stock mirrors Bitcoin’s decline. As Bitcoin corrects, Strategy stock follows, reinforcing volatility and heightening sensitivity to digital asset sentiment shifts. MSTR Is Breaking Out About a week ago, the Chaikin Money Flow formed a bullish divergence against price. While MSTR recorded a lower low, CMF posted a higher reading. This divergence sig ...

在比特币价格持续大幅回落之际，Strategy(MSTR.US)创始人及执行董事长迈克尔.塞勒周二公开否认公 司会因比特币下跌而清算其持币资产，并重申对公司融资能力和比特币长期价值的信心。 Saylor在接受采访时表示，即便比特币在未来四年内下跌90%，Strategy也不会被迫抛售比特币，而是选 择通过再融资来应对债务压力。"如果比特币下跌90%，我们会重组债务，"他表示，并强调银行愿意继 续向公司放贷，因为它们认可比特币的波动性本身所蕴含的价值。 Strategy近年来通过发行股票和债务大举买入比特币，目前共持有714,644枚比特币，平均购入成本约 76,056美元。随着比特币价格跌破7万美元，较去年10月约12.6万美元的历史高位大幅回落，市场对 Strategy的财务模式和风险敞口产生了明显分歧。 伴随比特币下行压力加剧，押注Strategy股价进一步下跌的投资者正在迅速增加。根据S3Partners周二发 布的分析报告，自2025年9月以来，Strategy的空头仓位已累计增长约40%。目前约有3,050万股被卖空， 占公司流通股本的约10%。 比特币近期持续剧烈波动，市场情绪依然脆弱。周二，比特 ...