Core Insights - MicroStrategy (MSTR) has experienced a significant decline in stock value, losing 62.66% over the past year and 28.22% in the last month, primarily due to the drop in Bitcoin prices [1] - The company holds 713,502 bitcoins with a cost basis of $76,052 per coin, while Bitcoin is currently trading at $68,840, indicating that the company is underwater on its investment [1] - MicroStrategy reported a net loss of $12.44 billion for Q4 2025, driven by $17.44 billion in unrealized losses on digital assets [1] Company Performance - MicroStrategy's stock price fell from $173.71 a month ago to $125.20, reflecting a 27.93% decline that mirrors Bitcoin's struggles [1] - The company's substantial Bitcoin holdings are valued at $59.75 billion against a cost basis of $54.26 billion, indicating a precarious financial position [1] - The bearish sentiment surrounding the stock is reflected in a Reddit sentiment score of 34.76 for the week and 28.53 for the month, with discussions turning skeptical about the company's strategy [1] Market Sentiment - Despite the negative sentiment, Wall Street analysts remain optimistic, with eight out of thirteen rating the stock as a "Strong Buy" and a consensus price target of $369.08, suggesting a potential upside of 196% from current levels [1] - The company has raised $25.3 billion in capital during 2025 to fund its Bitcoin purchases, making it the largest U.S. equity issuer for the second consecutive year [1] - CEO Phong Le is focused on expanding the STRC preferred stock program to drive Bitcoin-per-share growth, maintaining that current market weakness is temporary [1]

Key Takeaways MSTR shares have tumbled 59.7% in 12 months, lagging sector and crypto-linked peers.Strategy holds 717,131 bitcoins worth $58.9B, the largest corporate BTC treasury globally.MSTR raised $25.3B in 2025, doubling equity and supporting sustained Bitcoin accumulation.Strategy (MSTR) shares have plunged 59.7% in the trailing 12 months, sharply lagging the Zacks Finance sector’s appreciation of 10.4% and the Zacks Financial - Miscellaneous Services industry’s decline of 24.4%.MSTR shares have also u ...

Core Viewpoint - Tidal Investments LLC has announced a halt on the YieldMax® MSTR Short Option Income Strategy ETF (WNTR) to reassess the accuracy of its Net Asset Values (NAVs) published for February 17, 2026, leading to a restatement of the NAV per share from $37.8489 to $37.1473 [1] Group 1 - Tidal Investments LLC is evaluating the accuracy of the NAVs for the YieldMax® MSTR Short Option Income Strategy ETF [1] - The NAV per share for WNTR was restated from $37.8489 to $37.1473 [1]

The MicroStrategy stock started the post-President’s Day session on a weak note. MSTR closed nearly 4% lower compared to its Feb. 13 (last Friday's) close, reflecting renewed selling pressure despite positive corporate news. This decline comes even after Strategy, previously MicroStrategy, added more Bitcoin, lowering its average purchase cost. However, charts now show that this latest BTC average drop didn't mean much for the immediate fate of the MSTR. A much larger downside risk is forming beneath the ...

Fox Business Alert. Bitcoin continues to jog in place. Over just the last seven days, the crypto bell weather has been stuck in a range of between something like 62,000 and 70,000.Even at the top end of that span, that's a far cry from the all-time high of $126,000 reached back on October 6th. Still, one company is firmly bolting its fate to the cryptocurrency. The world's largest corporate Bitcoin holder, Strategy, owns about 717,131 Bitcoin and has seen its stock fall along with the digital currencies dro ...

Core Insights - Institutional interest in MicroStrategy, now known as Strategy, is increasing despite the downturn in Bitcoin prices [1] - Charles Schwab has expanded its holdings in Strategy, acquiring an additional 91,859 shares, totaling approximately 1.27 million shares valued at around $168 million [1] - Strategy has recently increased its Bitcoin holdings by purchasing 2,486 BTC for $168.4 million, bringing its total to 717,131 BTC, making it the largest corporate Bitcoin holder globally [2] Financial Performance - For the year ending December 31, 2025, Strategy reported $5.40 billion in unrealized losses on digital assets, partially offset by a $1.55 billion deferred tax benefit [3] - In Q4 alone, unrealized losses reached $17.44 billion, with a $5.01 billion deferred tax benefit [3] - As of year-end, Strategy had a deferred tax liability of $2.42 billion [3] Stock Performance - MSTR shares have faced downward pressure, with a current price of $127.91, down 4.46% at press time, and a year-to-date decline of 18.61%, alongside a 64.82% drop over the past six months [4] Market Positioning - Intesa Sanpaolo, an Italian banking giant, has also taken a significant position in Strategy through put options valued at approximately $184.6 million [5] - The structure of Intesa's position suggests a strategic bet on the convergence between Strategy's stock price and the value of its Bitcoin holdings [6] Valuation Metrics - Strategy has historically traded at a premium to the value of its Bitcoin reserves, with a current multiple of net asset value (mNAV) at 1.19, indicating a 19% premium [7] - This premium reflects market expectations regarding leverage, future Bitcoin purchases, capital markets strategy, or equity market demand [8]

Group 1: Market Insights - John D'Agostino, Coinbase's Head of Institutional Strategy, highlighted that the current market decline, while significant in dollar terms, reflects typical volatility for cryptocurrencies on a percentage basis [1] - D'Agostino noted that Bitcoin has historically experienced drawdowns of 70-80% before entering multi-year rallies, suggesting that investors should view current prices as a discount if they believe in the asset [2] Group 2: Strategy Inc's Position - Strategy Inc currently holds 717,131 BTC at an average cost of approximately $76,027 per coin, with Bitcoin trading near $68,000, indicating that the company's holdings are currently underwater [2] - CEO Phong Le stated that liquidation of Bitcoin would only occur if the price crashed by 90% and remained at that level for five years, a scenario he considers highly unlikely [3] Group 3: Market Sentiment and Predictions - Polymarket bettors are pricing in a 12% chance that Strategy Inc will sell any Bitcoin by the end of the year, with over $20 million wagered on this outcome [3] Group 4: Coinbase's Challenges - Coinbase's Q4 earnings report missed key metrics, leading Piper Sandler to reduce its price target for COIN from $270 to $150 [4]

2月17日，美股上市公司Strategy（MSTR）宣布再度增持比特币。根据该公司披露的信息，此次以约 1.684亿美元购入2，486枚比特币，每枚均价约67，710美元。截至2026年2月16日，Strategy累计持有 717，131枚比特币，总投入约545.2亿美元，整体持仓均价约76，027美元。 Strategy是目前全球持有比特币数量最多的上市公司，其比特币财库战略自2020年启动以来从未中断。 按照此次披露的持仓数据计算，该公司所持比特币占比特币总流通量的比例已相当可观。值得注意的 是，此次增持的均价约67，710美元，低于其整体持仓均价76，027美元，意味着本轮买入在一定程度上 摊薄了总体成本。 据链上数据监测账号@EmberCN披露的数据，按当前价格估算，Strategy所持717，131枚比特币的市值 约为487.65亿美元，与545.2亿美元的累计投入相比存在约57.56亿美元的账面浮亏。 Strategy并非近期唯一在持续增持比特币的上市公司。同日，DDC Enterprise Limited（NYSE American：DDC）也宣布再购入80枚比特币，总持仓达2，068枚，为连续 ...

Quick Read The YieldMax MSTR Option Income Strategy ETF (MSTY) could deliver a giant 64.53% annual cash distribution yield, paid out weekly. However, the MSTY ETF’s yield cannot be guaranteed for the future, and the fund’s share price is constantly in jeopardy. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Straddling the intersection of cryptocurrency and the stock market, Strategy (NASDAQ:MSTR) st ...

（来源：吴说） 据 @EmberCN 监测，比特币财库公司 Strategy（MSTR）上周以约 67,710 美元的价格购买了 2,486 枚 BTC（约 1.68 亿美元）。目前共持有 717,131 枚 BTC（约 487.65 亿美元），成本均价 76,027 美元，浮 亏 57.56 亿美元。以太坊财库公司 Bitmine（BMNR）上周以约 2,001 美元的价格购买了 45,759 枚 ETH （约 9,156 万美元）。目前共持有 4,371,497 枚 ETH（约 86.73 亿美元），成本均价 3,801 美元，浮亏 79.43 亿美元。 ...