Strategy stock jumps 7.80% as new BTC purchase and higher dividends support rally
Strategy Incorporated (MSTR, formerly MicroStrategy) is trading at $139.60, up 7.80% on the day, positioning itself above the MA-20 ($130.46) but still below the MA-50 ($149.20) and MA-200 ($284.58). This combination highlights a short-term rebound within an ongoing medium- and long-term bearish trend, with the Ichimoku Kijun level at $136.53 providing immediate support below the current price.
Highlights
- Strategy acquired 3,015 additional Bitcoin for $204.1 million, raising total BTC holdings to 720,737 at a cost of $54.77 billion.
- The board increased the annual dividend rate on STRC perpetual preferred shares from 11.25% to 11.50%, effective March 1, 2026, and declared cash dividends payable March 31, 2026.
- MSTR trades at $139.60, above its MA-20 ($130.46) but below MA-50 ($149.20); technicals show weak momentum and likely consolidation between $126 and $150.
Bitcoin accumulation and dividend adjustment as MSTR traces sector declines
On March 2, Strategy announced the acquisition of 3,015 additional Bitcoin for about $204.1 million, increasing its total BTC holdings to 720,737 at an aggregate purchase cost of $54.77 billion. The transaction was funded using at-the-market sales of its Class A common stock and STRC perpetual preferred shares. In addition, the board raised the annual dividend rate on STRC perpetual preferred shares from 11.25% to 11.50%, effective for dividend periods beginning March 1, 2026, and declared cash dividends across several preferred share classes to be paid on March 31, 2026, for holders of record as of March 15, 2026. MSTR has tracked a series of declines in line with Bitcoin's performance during February 2026.
Bearish bias persists as mixed momentum counters intraday gains
Momentum signals on MSTR remain weak, with MACD and ADX on daily timeframes suggesting continued bearish pressure, while RSI and Commodity Channel Index are not displaying clear oversold or overbought signals. Stochastic RSI is neutral, yet Bull/Bear Power signals an "Oversold" reading, underlining recent seller dominance despite today's strong move up. The price now trades near the upper end of today's intraday range ($129.13 – $137.92), reflecting elevated volatility and an attempt to retake higher ground, though oscillators show mixed momentum and highlight that the rebound may lack staying power.
Downside favored as volatility rises and breakout probability stays low
Given recent volatility, the typical price band for the next five trading days is projected at $126 – $150. With the probability of a further increase in the short term seen as very low (less than 20%), a decline is more likely, in line with prevailing medium- and long-term indicators. Baseline expectations point to sideways consolidation between $126 and $150. Only a breakout above $150 would indicate a bullish scenario, while persistent downside momentum could push MSTR below $126.
Previously it was reported that Strategy’s common shares have experienced significant downward momentum, with the stock losing about 75% since its November peak amid ongoing crypto market weakness. Technical indicators show the shares are trending below major moving averages and remain under pressure, with support around recent lows and resistance developing near former breakdown levels.
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