Why Is MSTR Falling When Bitcoin Is Up Today?
What Is Happening to MSTR Stock Price Today?
Strategy Inc. (NASDAQ: MSTR) dropped 2.73% on June 23, 2026, with the price sitting at $109.46.
The stock opened at $116.21 and touched a session low of $107.31 before settling mid-range.
Volume came in at 25.29 million shares. That is heavy for a day when Bitcoin barely moved.
Why Is MSTR Going Down When Bitcoin Is Up?
This is the question making rounds right now. Bitcoin gained roughly 2.5% during the same session. MSTR still fell.
Peter Schiff flagged this on social media, pointing out that the gap means Strategy Inc. is now trading at a growing discount to its Bitcoin net asset value.Â
His take: if Strategy keeps selling shares at depressed prices to buy more Bitcoin, existing shareholders take the hit.
Every new share issuance at current levels dilutes the value held by people already in the stock. The market seems to be pricing in exactly that risk.
What Does the MSTR Daily Chart Show Right Now?
As per CoinStats, the daily chart tells a brutal story. The stock peaked near $370 back in October 2025. It has lost roughly 70% from those highs.
Since November 2025, the stock has been in a clean descending structure. There was a brief recovery attempt in April 2026 that pushed it back toward $200. That failed.
Now the price is at $109.46. The next key support on the chart is $104.38, shown clearly as a horizontal level. That zone held once before when the stock hit similar lows around February 2026.
Below $104.38, the chart thins out fast. There is no clear demand zone visible until somewhere around the $80 area.
A bounce from $104 could realistically test $120 to $130. But without Bitcoin recovering strongly, that bounce may not have legs.
How Much Bitcoin Does Strategy Inc. Actually Own?
The company holds 847,363 BTC as of today. The company just added 520 BTC for approximately $35 million, which works out to roughly $67,307 per coin for that batch.
At Bitcoin's current price of $63,861, the total BTC stash is worth around $54.1 billion.
Strategy sold 2.71 million shares, generating $335 million in cash, and adding it to its USD reserves.
Strategy also raised its USD Reserve by $300 million, bringing it to $1.4 billion. That reserve is there to protect the credit quality of its Digital Credit securities, not for general spending.
The company is not stopping. The buying continues, slow and steady.
What Is Bitcoin's Price Doing Right Now on the Chart?
Bitcoin's daily chart shows a recovery attempt forming near the $60,000 to $64,000 range. The coin dropped sharply from $97,500 highs in early 2026, hitting lows around $57,500 before buyers stepped in.
A small ascending channel is now visible on the chart, with higher lows forming since early June. Price is currently at $63,861.
Key resistance sits at $67,500 and then $70,000. If $BTCÂ reclaims $70,000, Strategy Inc. could see a meaningful relief rally.
If BTC slips back below $60,000, the $104 support will face serious pressure.
The next 30 days will likely decide the direction for both.
What Could Push MSTR Higher From Here?
Three things could shift the picture: a breakout above $70,000, a pause in share dilution from Strategy, or a broader risk-on move in markets.
None of those are guaranteed. But if it does recover toward its previous range of $75,000 to $82,500, Strategy Inc. could follow.
Right now, the stock is oversold by most measures. But oversold does not always mean a bounce is coming soon.
Is Buying MSTR at $109 a Good Idea Right Now?
That is a personal decision that depends on your view of $BTCÂ and your risk tolerance.
MSTRÂ is not a direct Bitcoin investment. It is a leveraged bet on Bitcoin through a company that also carries debt, dilution risk, and operational costs.
If the coin goes to $80,000, MSTR may do very well. If it stays flat or falls, Strategy Inc. may underperform. That gap has been on full display in today's session.
Watch the $104.38 level closely. A close below that on heavy volume would be a significant technical break.
Disclaimer
This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency and stock investments carry significant risk, including the risk of total loss. MSTR and Bitcoin are highly volatile assets. Always do your own research and consult a licensed financial advisor before making any investment decisions.
