The Currency analytics
By Steven Anderson
MicroStrategy stock got hammered today. The company's shares dropped nearly 9% to around $121.
The correlation between MSTR and Bitcoin couldn't be clearer right now. Strategy shares are down about 15% this year and sitting 72% below their November 2024 peak.
Canaccord Genuity's Joseph Vafi just slashed his MSTR price target by 61%, dropping it from $474 down to $185. But he's keeping his Buy rating.
Strategy didn't let the price drop stop them from buying more Bitcoin though. The company grabbed 855 BTC for roughly $75.3 million just before Bitcoin fell below $75,000.
Investors are waiting for MSTR's fourth-quarter 2025 earnings later this week. That report should give us a better look at their financial strategy and Bitcoin buying spree.
Michael Saylor, MicroStrategy's CEO, keeps pushing the company's aggressive Bitcoin strategy. He's been saying Bitcoin beats traditional assets as a store of value.
On February 3, 2026, Citigroup downgraded MSTR, citing worries about the company's Bitcoin-heavy balance sheet.
The market's waiting for MSTR's earnings report on February 6, 2026. Everyone wants to know how the company plans to handle its debt and Bitcoin holdings while the market's going…
MicroStrategy remains the biggest corporate Bitcoin holder, and that's putting them under a microscope.
Saylor did an interview on February 2, 2026, where he doubled down on Bitcoin's long-term value despite the short-term chaos.
Other crypto stocks are getting hit too. On February 3, 2026, several companies with big cryptocurrency holdings saw similar drops. It's not just MicroStrategy dealing with this.
Goldman Sachs put out a report on February 4, 2026, about Bitcoin's volatility hitting companies like MicroStrategy.
JPMorgan analysts also weighed in that same day, looking at how Bitcoin's drop affects corporate treasuries.
The New York Stock Exchange reported on February 5, 2026, that trading volumes in crypto-related stocks like MicroStrategy surged.
Morgan Stanley analysts think MicroStrategy might keep using its Bitcoin holdings as a strategic asset.