NEW YORK, Feb 24, 2026, 14:52 EST — Regular session
- Strategy shares picked up roughly 0.7% in the afternoon, shaking off a choppy session earlier.
- The filing revealed the company offloaded shares, putting that cash toward additional bitcoin purchases.
- Traders eye bitcoin’s direction, with attention also turning to Strategy’s upcoming quarterly update.
Strategy Inc (MSTR) climbed 0.7% to $124.60 on Tuesday, after bouncing around from $118.49 to $126.62, a day following the bitcoin-heavy company’s latest modest crypto buy. Shares had dropped 5.6% the previous session. (Investing.com)
These swings are significant: Strategy is known as a fast, liquid stand-in for bitcoin, so when traders are forced to de-risk, rallies and sharp drops show up in its price action. In choppy bitcoin markets, Strategy usually exaggerates the moves both ways.
This is key—Strategy leans hard on capital markets to fuel its plans. Investors want to see if the company can keep snapping up assets without flooding the market with new shares.
Strategy unloaded 297,940 Class A shares, pulling in $39.7 million, according to a Monday regulatory filing. The company immediately turned around and bought 592 bitcoin over the stretch from Feb. 17 to Feb. 22, paying an average of $67,286 each. Its bitcoin stash now totals 717,722 coins, acquired for $54.56 billion at an average price of $76,020, the filing showed. Bitcoin was recently up about 0.5%, trading near $64,468. As for future moves, the company still has about $7.84 billion in remaining common stock capacity, plus around $37.35 billion available across various at-the-market programs—so shares can be sold at market prices whenever management decides. (SEC)
Monday didn’t bring relief for crypto: Bitcoin slid over 4%, touching a two-week low, while stocks tied to the sector lost ground too. Coinbase dropped more than 6%. Strategy shed over 5%, per a Nasdaq market wrap. (Nasdaq)
The rebound on Tuesday isn’t huge, yet it’s a clear sign traders are ready to jump back in as soon as bitcoin stabilizes and risk appetite ticks up. For Strategy holders, that dividing line between a “software stock” and a “bitcoin vehicle” has been pretty faint for some time.
But things can flip fast. Should bitcoin start falling again, Strategy’s heavy bet could amplify stock losses. Plus, if they keep selling shares to buy more, that risks diluting current holders and putting a lid on any rally.
Michael Saylor, the company’s executive chairman, insists MicroStrategy isn’t dumping its bitcoin stash anytime soon—and plans more steady buys “every quarter ‘forever,’” according to MarketWatch. That approach links the stock’s fate directly to bitcoin’s daily swings. (MarketWatch)
Strategy calls itself the “largest corporate holder of bitcoin” and a “Bitcoin Treasury Company”—phrasing it relies on when selling its capital-markets approach to investors. (Strategy)
Now, the focus shifts to bitcoin’s next big move—higher or lower. After that, attention turns to the company’s upcoming earnings report, due around April 30, where traders will scan for any shift in issuance or buying trends. (public.com)
