Greed

Major

Bitcoin

MSTR

<p>The MSTR stock price jumped by nearly 4% on Monday as Bitcoin continued its comeback and as Strategy accelerated its accumulation and shareholder dilution.</p>
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  <span>Summary</span>
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  <ul>
   <li>MSTR stock price rebounded as Bitcoin moved above $92,000.</li>
   <li>The company continued its Bitcoin accumulation last week.</li>
   <li>Technical analysis suggests that the stock has more downside.</li>
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<p>Strategy, formerly known as MicroStrategy, was trading at $163.25, up modestly from this year’s low of $155. It remains ~70% below its all-time high.</p>
<p>In a statement, the company said that it acquired 1,287 Bitcoins (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), bringing the total holdings to 673,783. Its current holdings are valued at over $62 billion, higher than its market capitalization of over $45 billion. It is also higher than the enterprise value of $59 billion.&nbsp;</p>
<p>Strategy bought these coins after selling common shares worth over $1.9 billion. It still has over $11.5 billion in outstanding shares in its at-the-money reserves that it can sell.</p>
<p>The company also increased its <a href="https://crypto.news/strategy-ups-cash-reserves-to-2-19b-puts-btc-buying/" rel="noopener noreferrer nofollow">cash reserves by $62 million</a>. It has been accumulating cash now that the mNAV ratio has dropped below 1. As a result, it hopes that this cash will be used to pay dividends and service its debt.</p>
<p>You might also like: <a href="https://crypto.news/bitcoin-price-bulls-face-key-breakout-test-at-93k-horizontal-resistance/" rel="noopener noreferrer nofollow"> Bitcoin price bulls face key breakout test at $93k horizontal resistance </a></p>
<p>MSTR stock rose as Bitcoin continued its recent rally as it reached a high of $92,500, up by 15% from its lowest point in December. Also, the Crypto Fear and Greed Index has moved out of the fear zone, while futures open interest rose to $140 billion.</p>
<p>Still, Strategy stock faces major risks. The most notable risk is that the company continues to <a href="https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/bltd1697ee0df7f31c7/695bb32419f3d4640d94619b/form-8-k_01-05-2026.pdf" target="_blank" rel="noopener noreferrer nofollow">dilute</a> its shareholders, raising the outstanding shares to over 300 million shares. It has jumped from the 2022 low of below 100 million.</p>
<p>The other risk is that, as shown below, Bitcoin price has formed a bearish flag pattern. It has remained below the 100-day moving average and the Supertrend indicator, meaning that the coin will continue falling.&nbsp;</p>
<figure class="wp-block-image size-large">
 <img loading="lazy" width="1024" height="579" src="https://media.crypto.news/2026/01/Bitcoin-Price.webp" alt="bitcoin price">
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  <em>Bitcoin price chart | Source: </em><a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow"><em>crypto.news</em></a>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="mstr-stock-price-technicals-point-to-more-downside">MSTR stock price technicals point to more downside</h2>
<p>Strategy also faces risky technicals. It has remained below the important support level at $230.38, its lowest level in March last year. Like Bitcoin, it remains below all moving averages and the Supertrend indicator.</p>
<figure class="wp-block-image size-large">
 <img loading="lazy" width="1024" height="579" src="https://media.crypto.news/2026/01/mstr-stock.webp" alt="mstr stock">
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  <em>MSTR stock chart | Source: TradingView</em>
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<p>The stock has remained below the Major S/R pivot point at $250 and all moving averages. Therefore, the stock will likely continue falling as sellers target the key support at $10</p>
<p>You might also like: <a href="https://crypto.news/bnb-chain-targets-20000-tps-with-2026-roadmap-as-sub-second-finality-looms/" rel="noopener noreferrer nofollow"> BNB Chain targets 20,000 TPS with 2026 roadmap as sub-second finality looms </a></p>

MSTR stock jumps as Strategy buys more Bitcoin

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