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Strategy Inc

MSTR · NASDAQ

Market closed$97.82$2.97 (+3.13%)After hours $98.33 · +0.52%

Key statistics

Previous close$94.85
Open$95.55
Day high$100.92
Day low$94.87
52-week high$437.00
52-week low$81.81
Market cap29.06B
Volume16.09M
Average volume20.63M
P/E ratio-2.44
Forward P/E—
EPS-40.16
Dividend yield0.00%

Market context

Why it moved

MSTR edged higher as Bitcoin held relatively steady around $64K despite macro headwinds including rising U.S.-Iran tensions and rate concerns, with Michael Saylor's active defense of Bitcoin's long-term thesis and continued institutional demand providing modest support for the stock.

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What is happening

Recent company-specific developments and publisher coverage.

July 21, 2026Strategy shares rose after the company disclosed it sold $263.5 million in Class A common stock via its ATM program for the second consecutive week without purchasing any Bitcoin, lifting its USD reserve to $3.225 billion. Investors appeared to read the capital-building pause — coming alongside Bitcoin climbing to a two-month high near $65,000 and spot Bitcoin ETFs recording back-to-back weeks of positive inflows for the first time since May — as a sign of improving financial discipline rather than a retreat from the firm's core strategy. CEO Phong Le reaffirmed Strategy's long-term Bitcoin buyer stance, while Michael Saylor's high-profile opposition to the proposed BIP-110 Bitcoin protocol upgrade kept the company in the spotlight. Shares remain deeply depressed, trading roughly 43% below their 200-day moving average and near 52-week lows, with the stock down approximately 39% year-to-date amid ongoing concern over Strategy's ~$9 billion in paper losses on its 843,775 BTC position.

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July 18, 2026Strategy closed modestly higher, edging up amid a difficult backdrop for technology stocks, as the broader market faced pressure from escalating U.S.-Iran tensions, a Netflix earnings miss, and a continued rout in semiconductor and AI names. The stock remains near its 52-week low, down roughly 40% year-to-date, as Bitcoin hovers near $64,000 — well below Strategy's average cost basis. Market chatter was dominated by prominent angel investor Jason Calacanis, who publicly argued that Michael Saylor's outsized influence is distorting the Bitcoin market narrative and diverting retail interest away from direct crypto exposure. Analysts maintain a median price target of $212 on the stock, reflecting a wide gap between current levels and Wall Street expectations.

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July 17, 2026Strategy Inc. fell sharply, approaching its 52-week low, as a confluence of pressures weighed on investor sentiment: Bitcoin softened near the $64,000 level, broader tech sold off amid renewed AI valuation concerns following TSMC-driven chip stock declines, and the software sector remained under pressure after IBM's historic 25% collapse earlier in the week. Adding to the narrative, Strategy's recent pivot away from its 'never sell' Bitcoin mantra — selling BTC for the second time in history and directing $467M in fresh stock sales toward a $3B USD reserve rather than new BTC purchases — has raised questions about capital discipline, with the stock down nearly 40% year-to-date.

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July 16, 2026Strategy closed essentially unchanged as investors digested a pivotal strategic shift by Michael Saylor's firm, which paused Bitcoin accumulation and instead directed $466.7M in fresh ATM stock sales toward building a $3B USD cash reserve. CEO Phong Le confirmed the balance sheet pivot is driven by preferred shareholder feedback, not a change in the Bitcoin thesis, adding that debt is only at risk if BTC falls to $8,000–$10,000. Sentiment also faced pressure from the broader software sector rout triggered by IBM's historic 25% single-day plunge on Q2 earnings miss, though Strategy's crypto-treasury identity partially insulated it from that selloff.

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July 15, 2026Strategy surged nearly 6% as bulls returned after initial disappointment over the company's pivot away from its 'never sell' Bitcoin ethos. Strategy raised $466.7M through ATM share sales last week but directed proceeds to its USD reserve — now at $3 billion — rather than buying Bitcoin, leaving holdings steady at 843,775 BTC. Analyst Adam Livingston argued Strategy is navigating the bear market intact, with mNAV near 1.03x and all preferred dividends current, while Michael Saylor's cryptic 'orange dots' post hinted at future BTC purchases. Shares outperformed the broader tech sector, which was rattled by IBM's historic 25% plunge on a Q2 earnings miss, even as a soft June CPI print lifted broader market sentiment.

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July 14, 2026Strategy Inc. fell nearly 3% on Monday as Bitcoin slid below $63,000 amid a broader risk-off session driven by renewed U.S.-Iran military strikes and surging oil prices. Adding to the pressure, Strategy disclosed it sold $467 million in MSTR stock but directed the proceeds into USD reserves rather than Bitcoin purchases — a notable departure from its core accumulation thesis that rattled investor sentiment. The company now sits on over $10 billion in unrealized Bitcoin losses, and its mNAV has compressed to 0.62x, near 2022 bear-market lows, though some analysts like Michaël van de Poppe see this as a buying opportunity. Analyst price targets remain sharply divided, ranging from $130 (Barclays, Canaccord) to $260 (TD Cowen), with the stock down roughly 37% year-to-date and trading near its 52-week low.

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July 11, 2026Strategy closed modestly higher, edging up amid a broader market rebound as investors assessed the company's evolving Bitcoin strategy and a wave of conflicting analyst signals. Standard Chartered reaffirmed its $100K year-end Bitcoin target, calling recent MSTR weakness a 'communication challenge' rather than financial deterioration, while Mizuho maintained its Outperform rating despite cutting its price target to $213. The central debate remains whether Strategy's pivot — from pure Bitcoin accumulation to actively selling BTC to fund preferred dividends (including a recent 3,588 BTC sale for ~$216M) — undermines its core treasury thesis. With Q2 earnings scheduled for July 30 and MSTR still down ~35% year-to-date near 52-week lows, sentiment remains cautious but stabilizing.

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July 10, 2026Strategy closed essentially flat as investors digested a confluence of competing signals: Barclays initiated coverage with an 'Overweight' rating but a conservative $130 target—well below the Street consensus of ~$303—while Mizuho cut its target to $213 (from $265) after lowering its long-term Bitcoin forecast to $71,500 by end-2027, though both firms maintained bullish ratings. The backdrop remains challenging, with Bitcoin hovering near $63,000 amid renewed US-Iran hostilities rattling risk assets, and Strategy's recent sale of 3,588 BTC for $216M to fund preferred dividends continuing to spark debate over Saylor's 'never sell' ethos. Notably, Strategy announced its Q2 2026 earnings webinar for July 30, and Bitwise argued the Bitcoin sale signals rational treasury management rather than forced liquidation—with institutional capital poised to become Bitcoin's next major marginal buyer.

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Investing.com · July 20, 2026Strategy sells MSTR shares, holds 843,775 bitcoin as of July 19, made no bitcoin purchasesInvestor's Business Daily · July 17, 2026Strategy Is Now Barely Worth Its Weight In BitcoinStock Titan · July 9, 2026Strategy sets July 30 video webinar for Q2 2026 resultsSeeking Alpha · June 30, 2026Why Michael Saylor's 'Never Sell Bitcoin' policy just ended (MSTR:NASDAQ)Barron's · June 29, 2026Strategy Just Unveiled a Financial Overhaul: Bitcoin Sales, Dividends, and Stock BuybacksBusiness Wire · June 24, 2026Rosen Law Firm Encourages Strategy Inc Investors to Inquire About Securities Class Action Investigation – MSTR, STRF, STRC, STRK, STRDStockStory · May 15, 2026Why Strategy (MSTR) Stock Is Nosediving
Benzinga · July 21, 2026Bitcoin, Dogecoin Flat; Ethereum, XRP Gain as US-Iran Hostilities Continue: Analyst Says Short-term Gains Can Invite 'Faster Selloffs' If…
Benzinga · July 20, 2026Strategy Stock Rises After $263.5 Million Sale Announcement
Benzinga · July 20, 2026CleanSpark Stock Rises as Bitcoin Hits 2-Month High and Data Center Deals Lift AI Infrastructure Names
Benzinga · July 20, 2026Bitcoin to $40,000, Then $250,000? Peter Brandt Maps BTC's Next Cycle
Benzinga · July 20, 2026Bitmine Slows ETH Buys to 7,430 Tokens as Tom Lee Redirects $86M to Stock Buybacks: What Changed?
Benzinga · July 20, 2026Strategy Raised $730M and Bought No Bitcoin in Two Weeks: Will MSTR Hold $95?
Benzinga · July 20, 2026Strategy Buys No Bitcoin From July 13 Through July 19
Benzinga · July 20, 2026Jordi Visser Says More People Will Get 'Focused' on Ethereum, Reveals His ETH Trading Strategy

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