Strategy’s $1.25B Bitcoin Buy Puts $88K–$92K Range in Focus for MSTR Investors

Strategy, formerly known as MicroStrategy, has once again reinforced its long-term Bitcoin strategy with a major acquisition that is shaping market sentiment. The company disclosed that it spent $1.25 billion to purchase 13,627 Bitcoin, marking its largest single buy in the past six months. This aggressive accumulation has drawn attention to the $88,000–$92,000 price range, which is increasingly viewed by investors and traders as a critical psychological support zone for Bitcoin and for Strategy’s stock, MSTR.

With this latest transaction, Strategy’s total Bitcoin holdings have climbed to approximately 687,410 BTC, further cementing its position as the world’s largest corporate holder of Bitcoin. Since December, the company has completed seven separate Bitcoin purchases, with average acquisition prices tightly clustered between roughly $88,210 and $92,098 per BTC. This consistency has effectively created a market anchor, signaling where management appears most comfortable allocating capital.

Following the announcement, MSTR shares were largely unchanged, trading near $162, suggesting that the market had largely priced in the purchase. However, the broader implications remain significant. Because many investors view MSTR as a leveraged proxy for Bitcoin exposure rather than a traditional software company, its stock often amplifies Bitcoin’s price movements in both directions.

If Bitcoin were to break decisively below the $88,000 support area, investor sentiment could weaken, increasing near-term downside risk for MSTR. Such a move could compress the stock’s premium relative to its Bitcoin holdings, an important factor given Strategy’s reliance on issuing equity and debt to fund further accumulation. A narrowing premium may heighten concerns about dilution and make future capital raises less attractive to shareholders.

While a drop below this range would not force Strategy to sell its Bitcoin, it could alter the narrative around its buying strategy. Instead of disciplined accumulation, investors may begin to see the purchases as concentrated near a technically vulnerable level. This dynamic could lead to increased volatility in MSTR, particularly during periods when Bitcoin is testing key support levels.