Strategy defends the $100 support level, could it signal a Bitcoin rebound?
Strategy defends the $100 support level, could it signal a Bitcoin rebound?
Strategy (MSTR), whose stock has plunged 64% over the past six months alongside Bitcoin’s (BTC) downturn, is attempting to establish support around the $100 level and eye a rebound. With Bitcoin down 22% in just one month and hovering around $70,000, the market is watching closely to see whether this correction is merely temporary or could serve as a catalyst for a rebound in Strategy’s share price.
According to cryptocurrency-focused media outlet Watcher.Guru on February 10 (local time), Bernstein analyst Gautam Chhugani assessed the recent decline in Bitcoin prices as a simple crisis of confidence, stating that there are no issues with fundamentals. He argued that in an AI-centric world, cryptocurrencies have merely been out of the spotlight for a time, adding that the basis for bearish views on Bitcoin is historically weaker than ever, thereby dismissing market concerns.
Despite ongoing market anxiety, Strategy, founded by Michael Saylor, has adhered to its buy-the-dip strategy and recently accumulated an additional $264 million worth of Bitcoin. As a result, Strategy’s total holdings now stand at 712,647 BTC, valued at approximately $63 billion, with the company leveraging the downturn as an opportunity under its conviction that Bitcoin will ultimately break above $100,000.
However, some critics warn that Strategy’s aggressive Bitcoin accumulation approach could undermine shareholder value by increasing reliance on capital markets. The company’s fate being excessively tied to Bitcoin’s price volatility is raising questions about long-term sustainability.
Even so, cryptocurrency-related legislation and regulatory decisions by the U.S. government are seen as potential positive variables for Strategy and related stocks such as Coinbase (COIN). If crypto-friendly bills are passed, major cryptocurrencies like Bitcoin and Ethereum (ETH) could rally, potentially driving gains in associated equities.
For now, the outlook for the remainder of 2026 remains somewhat uncertain, but if Bitcoin manages to form a bottom and rebound, Strategy’s share price is also expected to rise in tandem. Investors are closely watching how Bitcoin’s resilience and changes in the regulatory environment may combine to create synergy.
Disclaimer: This article is for investment reference purposes only, and no responsibility is taken for any investment losses based on it. The content should be interpreted solely for informational purposes.
<저작권자 ⓒ 코인리더스 무단전재 및 재배포 금지>
|
  많이 본 기사
English 많이 본 기사
|
