Strategy stock falls 3.29% as buyers fail to hold gains after $204 million Bitcoin purchase

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Strategy drops 3.29% to $133.12 today

Highlights

Between February 23 and March 1, 2026, Strategy acquired 3,015 Bitcoin for $204.1 million, increasing total holdings to 720,737 BTC.
Strategy funded its Bitcoin purchase with proceeds from selling 1,730,563 common shares for $229.9 million and issuing 71,590 preferred shares for $7.1 million.
Current price of $133.12 sits above the MA-20 ($129.86) but well below MA-50 ($148.60) and MA-200 ($283.16), confirming medium- and long-term bearish trends with immediate resistance at $136.53.

Large Bitcoin purchase funded by equity amid persistent selling pressure

Between February 23 and March 1, 2026, Strategy acquired 3,015 Bitcoin for $204.1 million, raising its total holdings to 720,737 BTC. The purchase was funded mainly through the sale of approximately 1,730,563 shares of common stock, which brought in around $229.9 million, along with the issuance of 71,590 shares of variable-rate preferred stock for $7.1 million. An increase in the annual dividend rate for STRC preferred shares from 11.25% to 11.50% was also announced, effective for distributions beginning March 1, 2026, and the board declared cash dividends on preferred stock payable March 31, 2026, to shareholders of record as of March 15, 2026, though price action has remained under broader selling pressure.

Mixed momentum and resistance at $136.53 as downside trend continues

The current price of $133.12 is above the MA-20 ($129.86), but significantly below the MA-50 ($148.60) and MA-200 ($283.16). This positioning suggests continued short-term support, while medium- and long-term trends remain bearish due to sustained downside pressure. The Ichimoku Kijun level stands at $136.53, which marks immediate resistance for the price. Momentum readings are mixed: the MACD indicates strong sell momentum and the ADX signals a weak trend, reflecting overall bearishness. The Relative Strength Index is neutral and close to 50, while the Stochastic RSI is overbought and the Commodity Channel Index is positive but not extreme, highlighting divergent signals on potential direction. Bull/Bear Power is overbought, indicating recent dominance by buyers, yet today’s action shows a $4.53 decline (down 3.29%) after a minor opening gap, with the price now near the lower end of today’s range. Intraday volatility is high, and pressure has persisted since the open, with momentum signals in conflict with oscillators and the trend confirmed by continued downside movement.

Downside risk prevails as range locked between support and resistance

For the next week, the expected range is adjusted to $120.00 – $140.00 to better fit the typical volatility band around current levels. The probability of a price increase is very low (less than 20%), while further downside remains much more likely. The baseline scenario anticipates the price consolidating between support and resistance. A bullish scenario would require a breakout above $136.53, while a bearish scenario unfolds if the price falls meaningfully below $127.90.

Anton Kharitonov, expert at Traders Union, notes that Strategy Incorporated is showing persistent weakness despite recent high-profile Bitcoin acquisitions and capital raising. He sees technical indicators confirming a bearish medium- and long-term trend, with only limited short-term support above $129.86 and selling pressure outweighing recent buyer activity. The increase in preferred stock dividends and further Bitcoin accumulation have not improved price action, which remains under pressure. "With downside likely to continue unless $136.53 is reclaimed, I remain defensive and expect a consolidation or further decline toward $127.90 or lower."

Previously it was reported that MicroStrategy is trading above its short-term moving average, while remaining below both medium- and long-term averages, reflecting improved short-term momentum but ongoing broader selling pressure. Daily momentum indicators such as MACD remain bearish with weak trend strength signaled by ADX, while mixed readings from RSI, Stoch RSI, and CCI alongside recent intraday strength suggest continued volatility without confirmation of a sustained directional move.

Source of Data: MSTR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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