According to external sources, Strategy stock prices have fallen by 72 per cent over the past year, but companies continue to buy bitcoin. According to Coinpedia, the focus of the market discussion has shifted from “continuing growth” to “whether this financing model is still diluting shareholder values”.
The currency continues to grow.
Strategy bought 520 bitcoins this week at a cost of $35 million. At current prices, the company held a total of 847,363 warehouses valued at approximately $64.1 billion. At the same time, the market value of Strategy was approximately $53.2 billion, lower than its carrying bitcoin value.
Increased pressure on financing
The article mentions that the company currently has approximately $15 billion in priority equity obligations, with approximately $1.7 billion in dividends to be paid annually. There are concerns that, as the holdout continues to expand, this fixed expenditure will further reduce the scope for corporate finance.
Attention is slowing down.
Google Trends data show that the global search heat of “MSTR” “Bitcoin Strategy” and “Michael Saylor” is significantly lower than in February 2026. MSTR remains the highest of the three sets of keywords, but the overall trend has been weak in recent weeks.
Market differences still exist.
Proponents believe that Strategy remains one of the most listed companies with Bitcoin and continues to attract funds. Critics argue that if equity prices continue to be weaker than their bitcoin performance, the pressure for financial expansion will increase.