MSTR stock targets crash to $100 as Strategy buys 2,932 Bitcoins

2026/01/26 23:03

The MSTR stock price retreated on Monday as Bitcoin erased its yearly gains and after the company continued its accumulation.

Summary

MSTR stock price continued falling as Bitcoin erased its year-to-date gains.
Strategy bought 2,932 Bitcoins, bringing its holdings to 712,647.
Technical analysis suggests that the Strategy stock will drop to $100.

Strategy stock dropped to $160, down sharply from its all-time high of $542 and its 2025 high of $455. Its crash has erased billions of dollars in value, a trend that may continue in the near term.

In a statement, Strategy said that it acquired 2,932 Bitcoin (BTC) for $254 million last week. It bought these coins at an average price of $90,000. It now holds 712,647 coins, currently worth over $62 billion. Most notably, it now holds over 3.3% of the total supply.

The ongoing Bitcoin accumulation poses a major risk for the company because it is occurring at a time when the market net asset value (mNAV) has fallen below 1. In the past, the company had a policy of not selling shares when its mNAV was below 12.

At the same time, the company is selling its ordinary shares to fund these purchases, a move that dilutes its existing shareholders. Its outstanding shares have jumped from below 80 million in 2021 to 300 million today.

MSTR stock price faces the risk of a falling Bitcoin price crash. Bitcoin dropped to $87,000 on Monday, erasing all the gains it made earlier this week. Its ETF outflows have jumped, while technical analysis suggests that it has more downside. It has formed a bearish flag pattern, consisting of a vertical line and a channel.

A Bitcoin price crash would likely lead to more downside for MicroStrategy. It will also lead to substantial losses by the company. In a recent note, the company said that it suffered a $17 billion loss in the fourth quarter.

MSTR stock price technical analysis

The daily timeframe chart shows that the Strategy share price has been in a strong bearish trend in the past few months. It has moved below the key support level at $228, its lowest level on March 10 last year.

The stock has remained below all moving averages and has formed a bearish flag pattern. Therefore, the stock will likely continue to fall as sellers target the psychological $100 level. Such a move would mean a 40% drop from the current level.

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