MSTR Shares Plunge 3.33% on $3.08 Billion Volume as Bitcoin Holdings Jump to 636K Trading 13th in Market Activity

On September 3, 2025, Strategy (MSTR) fell 3.33% to $330.26, with a trading volume of $3.08 billion, ranking 13th in market activity. The stock traded below its 200-day moving average and within its 52-week range.

Strategy Inc. disclosed updated capital deployment activities and Bitcoin holdings on September 2. Between August 26 and September 1, the company executed an at-the-market offering, selling shares of STRF, STRK, STRD, and MSTR to raise $471.8 million in net proceeds. Concurrently, it acquired 4,048 bitcoins for $449.3 million, bringing its total Bitcoin holdings to 636,505. These actions reflect ongoing strategic capital allocation amid volatile market conditions.

Financial performance remains a key focus, with the company reporting a 6.61% year-over-year revenue decline to $463.46 million and a net loss of $1.17 billion for the 12-month period. Earnings per share fell 329.35% to -$6.06 annually, though second-quarter net income surged to $10.02 billion. Analysts highlight a mix of signals, including strong guidance and strategic capital moves, yet technical indicators suggest bearish momentum and moderate valuation attractiveness.

The latest analyst rating for MSTR is a "Buy" with a $705.00 price target. However, Spark, an AI-driven analysis tool, assigns a "Neutral" rating due to concerns over leverage, negative cash flows, and Bitcoin exposure risks. The stock’s market capitalization stands at $94.82 billion, placing it in the large-cap category.

Backtesting results indicate that the stock’s recent price action aligns with its technical indicators and analyst ratings. The 3.33% decline on September 3 reflects broader market dynamics and internal financial trends, including Bitcoin-related volatility and capital deployment strategies.