Strategy Defies DAT Sell-Off, Doubles Down Amid Leverage Woes

TradingKey

AuthorBlock Tao

Feb 11, 2026 8:16 AM

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MicroStrategy acquired over 1,100 Bitcoins last week for $90 million, continuing its accumulation strategy. Executive Chairman Michael Saylor dismissed concerns of forced selling due to price drops, reaffirming the company's commitment to increasing its holdings quarterly. Despite MicroStrategy's stock experiencing an 80% drawdown from its all-time high, Bitcoin's drawdown was significantly less. Holding over 710,000 BTC, MicroStrategy's decision not to sell provides market stability, while any selling could trigger panic.

AI-generated summary

TradingKey - Strategy added over 1,000 Bitcoins last week; Michael Saylor stated the company will buy Bitcoin every quarter moving forward.

According to a CoinDesk report on February 11, Strategy (MSTR) Executive Chairman Michael Saylor responded in an interview to recent market rumors that the company was forced to sell Bitcoin (BTC). Saylor stated, "Market concerns that the company might be forced to sell Bitcoin due to falling prices are baseless," and reaffirmed that the company will continue to increase its Bitcoin holdings.

On November 20, 2024, MicroStrategy's stock price rose to $543, reaching an all-time high. Since then, the stock price has primarily undergone a correction, falling to a low of around $100, with a maximum drawdown of over 80%.

strategy-usd-price-b79dfc27266843868ad71d75068a52cf MicroStrategy stock price chart, Source: TradingView

On the day Strategy's stock price hit its record high, Bitcoin broke through $90,000 and subsequently rose to new highs multiple times, climbing above $126,000 in early October 2025 to set a new historical record. During the same period, Bitcoin's price dropped to a low of $60,000, a drawdown of only 33%, significantly lower than that of Strategy.

bitcoin-btc-price-b0eab54dbbf7430a91e5776112d46232 Bitcoin price chart, Source: TradingView

Currently, Bitcoin's price performance is lackluster, remaining below $70,000, with market fears that a sell-off by Strategy could lead Bitcoin to continue hitting new lows. As of press time, MicroStrategy remains the world's largest Bitcoin-holding entity, with cumulative holdings of over 710,000 BTC; any selling activity would certainly trigger market panic.

bitcoin-btc-government-cdd1d81cfaf24d878a93332735702f5c Top ten entities by Bitcoin holdings, Source: CoinGlass

Last week, as Bitcoin's price fell to around $60,000, Strategy did not stop its accumulation, spending $90 million to purchase over 1,100 Bitcoins. Saylor stated, "We expect to buy Bitcoin every quarter in the future."

While Strategy's accumulation did not drive Bitcoin's price higher, not selling helps stabilize market confidence. Conversely, if the company were to sell even 0.01 Bitcoin, it could trigger panic selling in the market, especially with retail investors following suit.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.

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