When I last covered Strategy Inc. ( MSTR ) on August 7th, 2025 (with a “buy” rating) in my article "Strategy: Buy The Drop," the stock was caught in the midst of a fairly substantial sell-off after falling from the November 2024The Income Machine is driven by market analysis from strategies covering more than two decades of trading experience successfully navigating through a broad range of asset classes. I am @PROSTOCKMARKETS on YouTube, which is where I post daily video updates for all of my trades and de ...

According to Lookonchain, the recent market drop has produced wide PnL divergence among major institutional holders: Strategy holds 649,870 BTC bought at $74,433, still up $6.15B (+12.72%). Bitmine’s 3.56M ETH bought at ~$4,010 is now down $4.52B (-31.67%). Forward Industries’ 6.83M SOL bought at $232.08 sits at a $711M loss (-44.85%). https://t.co/q0AZm91FN0 ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with the global simulcast. Carol Massar, Tim Stenovec joining us from the radio booth as we bring together our audiences across all of our Bloomberg platforms, including our partnership with YouTube here, and what's shaping up to be the widest trading session for the S&P and the Nasdaq since those Liberation Day moments that we had back in April.A big downdra ...

Core Insights - MicroStrategy has experienced a significant decline of over 60% in the past year, contrasting with the S&P 500, which has increased by approximately 12% [2][3] - The company's stock is currently in a downtrend, having broken through a previous support level of 237, with a recent intraday low of 181.73 [3][4] - There are mixed signals in the market, with the RSI indicating a small bullish divergence but also showing oversold conditions, typically a sign of weakness [4][5] Technical Analysis - The stock's price needs to break above the trend line and previous highs near 213-214 for signs of a potential trend reversal [5] - Potential support and resistance levels are identified, with the minus two standard deviation channel aligning with old lows near 214, and the minus three standard deviation channel around 160-130 [6] - Current trading sentiment is bearish, with the stock recently bouncing to about 192, still down 65% from its all-time highs [7][8] Options Strategy - A proposed options strategy involves selling the December 5th weekly options with a 180 strike put and buying a 170 strike put, creating a neutral to bullish put vertical [9][10] - This strategy aims to capitalize on higher implied volatility while providing a cushion of approximately 8% below the current share price, with a break-even point at 177.20 [10] - The probability of the short 180 strike being out of the money at expiration is estimated at about 58%, offering a better chance of success [10]

Michael Saylor: If Bitcoin Were to Fall 80%, We'll Still Be FineStrategy Executive Chairman Michael Saylor stated in an interview with CNBC on November 14 that he is not concerned about further declines in BTC, saying the company “can withstand an 80%–90% drawdown and keep operating.”Adopting a strategy similar to that of an intelligent bank, the company amplifies returns for common stock through preferred equity. This type of preferred equity has no maturity date, with dividends declared by the board of di ...

We know there's a lot of bad news. We know sentiment is, you know, kind of in the toilet and people are very uh worried. Is there anything you point to that's like, hey, this is actually giving me some hope. One area of hope is that it shows Bitcoin has shown still a little more resiliency and in intraday price move I can tell away from other risk assets. The question is like what's a black swan event for Bitcoin upside? A black swan event for Bitcoin upside. What's going on guys? Today we got a great episo ...

Core Insights - Bitcoin continues to decline, recently hitting a new weekly low below $89,000, with significant drops in crypto-linked stocks like Strategy and Coinbase [2][4] - Many investors are in a selling mode, with recent "buying the dip" activity not matching previous downturns, and spot bitcoin ETFs experiencing net outflows of nearly $2.3 billion over five consecutive days [3][5] - Despite the downturn, Strategy, led by Michael Saylor, remains a significant buyer of bitcoin, asserting confidence in the company's resilience against market fluctuations [4][6] Market Performance - Bitcoin's price fell below $88,000, marking a significant decline in its value [8] - Strategy's stock has seen a notable decrease, with a drop of over 11% reported [2] Investor Sentiment - The current market conditions are not unprecedented, as historical drawdowns have seen bitcoin's price drop significantly, such as during the onset of Covid in March 2020 [5] - Saylor emphasizes that the company is structured to withstand substantial price declines, indicating a long-term bullish outlook despite current market challenges [6][9] Company Strategy - Strategy has increased its bitcoin holdings, with Saylor stating that the company is "indestructible" and prepared for potential price drops of 80% to 90% from bitcoin's all-time high of approximately $126,000 [6][9] - The average price paid for Strategy's initial bitcoin purchase was $11,600, suggesting a long-term investment strategy [9]

bitcoin has 95% of coins bought in the last 155 days underwater at $91,484. most extreme short-term holder capitulation ever recorded. march 2020 hit 92% underwater at $3,800 before running to $69k. november 2022 hit 94% at $15,500 before $108k. whales added 2.2% more addresses in 4 weeks into this panic. microstrategy bought 8,178 btc at $102k last week. the pain threshold that marks bottoms just printed. ...

Core Insights - The article discusses the evolution of Bitcoin reserves among companies, particularly focusing on MicroStrategy's aggressive investment strategy since 2020, which has influenced other companies to follow suit [1][2][4][5][10] Group 1: MicroStrategy's Investment Strategy - MicroStrategy began purchasing Bitcoin in August 2020, initially acquiring approximately 21,454 BTC for $250 million, followed by another purchase of 16,796 BTC for $175 million, totaling over 38,000 BTC by the end of 2020 [1] - By the end of 2021, MicroStrategy's Bitcoin reserves had grown to 105,000 BTC, with significant purchases funded through various debt instruments, including a $1.05 billion zero-coupon bond [2] - In 2025, MicroStrategy's holdings reached 649,870 BTC, with an average purchase price of $66,385, reflecting a total investment of $33 billion [5] Group 2: Market Trends and Company Responses - The Bitcoin market experienced significant volatility, with prices dropping below $20,000 in 2022, yet MicroStrategy continued to accumulate Bitcoin, albeit at a slower pace [4] - By 2023, as the market recovered, MicroStrategy's strategy involved smaller, more cautious purchases, resulting in a total of over 130,000 BTC acquired that year [4] - Other companies, such as Metaplanet and Semler Scientific, began to enter the Bitcoin market, with Metaplanet purchasing hundreds of BTC and Semler acquiring 581 BTC for $40 million [4][10] Group 3: Financing and Leverage - The financing strategy employed by MicroStrategy involved leveraging debt to purchase Bitcoin, which allowed the company to increase its market capitalization as Bitcoin prices rose, creating a cycle of investment and growth [8] - The use of zero-coupon bonds and convertible debt has been a key aspect of MicroStrategy's approach, allowing for potential equity conversion without immediate cash outflow [2][8] - However, this strategy carries inherent risks, as a decline in Bitcoin prices could lead to significant financial strain due to the accumulated debt [8][10] Group 4: Industry Impact and Future Outlook - The trend of companies investing in Bitcoin has gained momentum, with over 172 companies reported to have entered the market by 2025, raising $12.5 billion in financing [7][10] - The article highlights the potential for a "bubble" as companies increasingly rely on Bitcoin for their financial strategies, raising concerns about the sustainability of such models [10] - As of 2025, the Bitcoin market remains highly volatile, with significant price fluctuations impacting company valuations and strategies, necessitating careful management of investments and debt [10]

Core Insights - Bitcoin has recently traded below $92,000, marking a more than 25% decline from its record high of over $126,000 reached last month, indicating a bear market [1][3][4] - The anticipated positive developments for the cryptocurrency market, including a supportive administration and regulatory changes, have not materialized as expected, leading to a downturn [2][3] - The crypto industry experienced its largest liquidation event in October, with over $19 billion in leveraged positions lost, contributing to Bitcoin's decline [4] Company Actions - Strategy (MSTR) purchased an additional 8,178 Bitcoin at an average price of approximately $102,171, totaling over $835 million, between November 10 and November 16 [5][7] - Following these purchases, Strategy's total Bitcoin holdings increased to 649,870 coins, valued at nearly $60 billion at current prices [5][6] Market Dynamics - Individual investors hold the majority of Bitcoin ownership, approximately two-thirds, which significantly influences market movements compared to funds and ETFs that own about 8% [6]