MicroStrategy bought about $40 million of bitcoin on Feb. 23, yet its share price began declining again, stalling the recent rally. Investors are renewing concerns about MSTR’s high correlation with Bitcoin and the effectiveness of accumulation as a defense against sell-offs.
MicroStrategy’s stock has become a de facto Bitcoin play as Michael Saylor piled BTC into the corporate treasury. Traders now watch MSTR for equity-style exposure and derivative-driven signals tied to BTC.
Michael Saylor signaled another Bitcoin purchase that would push MicroStrategy’s holdings past 3% of Bitcoin’s total supply, and the news comes as MSTR shares see renewed investor interest. The move underscores MicroStrategy’s continued corporate bet on BTC.
Michael Saylor’s firm Strategy bought 10,624 BTC in its latest weekly purchase despite analyst warnings that a prolonged bear market could force sales. The buy came alongside a Bitcoin rebound and a pre-market uptick in MSTR shares.
MicroStrategy (MSTR) logged its second‑worst monthly result for its Bitcoin exposure in November 2025, extending a streak of negative returns to five straight months since July. The run of losses intensifies scrutiny of the firm's long-running buy-and-hold crypto strategy.