NEW YORK, February 2, 2026, 11:33 (EST) — Regular session
- Strategy shares drop roughly 2% amid renewed bitcoin volatility
- Filing reveals new bitcoin purchases backed by recent stock sales
- Investors are zeroing in on the Feb. 5 earnings and the company’s funding strategy
Strategy Inc shares slipped 2.2% to $146.44 by late morning Monday, after plunging close to 9% earlier. Investors digested a fresh bitcoin purchase alongside a volatile move in the cryptocurrency. About 13.5 million shares changed hands.
Once called MicroStrategy, Strategy has become a key gauge of bitcoin risk appetite. It has leveraged capital-market sales to amass a sizable bitcoin stake alongside its software operations.
Strategy’s website dashboard listed holdings of 713,502 bitcoin, with an average cost of $76,052 each — just below the price bitcoin dipped to over the weekend.
In a Monday filing, the company reported selling 673,527 shares of its Class A common stock through an at-the-market program, generating $106.1 million in net proceeds. Between Jan. 26 and Feb. 1, it deployed $75.3 million of that to buy 855 bitcoin. Additionally, Strategy lifted the dividend rate on its STRC preferred shares to 11.25% and declared a $0.9375 per-share payout for February.
STRC, Strategy’s perpetual preferred stock, ranks above common shares and offers dividends. The company states its rate varies monthly. The next record date falls on Feb. 15, with dividends set for Feb. 28.
Bitcoin last traded near $78,932, recovering from a low of $74,609 earlier, per market data. On Saturday, it slid 6.5% to $78,719 as concerns grew that incoming Fed chair Kevin Warsh might push for tighter liquidity. Brian Jacobsen, chief economist at Annex Wealth Management, noted bubbles have formed across assets and cautioned that “these price adjustments feed on themselves.” Reuters
Shares of crypto-linked firms dropped: Coinbase dipped 2.6%, Marathon Digital, a bitcoin miner, declined 1.7%, and the iShares Bitcoin Trust ETF tumbled 5.6%.
If bitcoin falls further, Strategy’s shares could stay volatile, complicating the company’s efforts to raise cash at favorable prices. The preferred dividend attracts yield-focused investors but also adds another payment the company must cover if markets remain tough.
Thursday brings another checkpoint for investors as Strategy plans to release its fourth-quarter results after the U.S. market closes. The company will also hold a live video webinar at 5 p.m. ET.
Traders are tuning in for shifts in bitcoin buying pace and whether management leans more on share sales or preferred stock to finance it. For the moment, attention returns to bitcoin — and to what Strategy outlined on Feb. 5.
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