MSTR: $42B for Bitcoin, Stock Still Stuck Like a Bad Date

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So, Strategy Inc (MSTR) is sitting pretty at $138.20, up a whopping 1.87%, after they decided to throw a $42 billion party and buy 1,031 Bitcoins for $76.6 million. Oh, and they did this at an average price of $74,326 per coin. Because, you know, why not? Now they’re sitting on a cool 762,099 Bitcoins, costing them a mere $57.69 billion. What a bargain, right?

Apparently, their strategy is to keep hitting up the equity markets like a guy at a bar with a never-ending credit card. Buy Bitcoin, rinse, repeat. Genius? Or just really, really stubborn?

Strategy’s $42 Billion ATM Program: Because Why Not?

On March 23, they filed an 8-K-because nothing says “we’re serious” like an 8-K-announcing two new at-the-market programs. $21 billion for Class A common stock (MSTR) and another $21 billion for their Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). Oh, and let’s not forget the $2.1 billion STRK preferred ATM, because one ATM program is never enough. This way, they can sell shares like it’s Black Friday, but without the stampede.

ATM programs? More like “Avoid Total Meltdown” programs. They sell shares incrementally, so the market doesn’t have a heart attack. Smart? Maybe. Desperate? Probably.

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Strategy announces new $21 Billion $STRC ATM Program and new $21 Billion $MSTR ATM Program.

– Michael Saylor (@saylor) March 23, 2026

The STRC preferred stock? Oh, it’s got cumulative dividends at 11.50% annually. And they tripled the authorized shares from 70.4 million to 282.6 million. Because why stop at doubling when you can triple? Go big or go home, I guess.

This all came a day after Michael Saylor tweeted about buying 1,031 BTC. $76 million later, they’re holding 762,099 BTC. That’s a lot of zeros. But hey, who’s counting?

Strategy has acquired 1,031 BTC for ~$76.6 million at ~$74,326 per bitcoin. As of 3/22/2026, we hodl 762,099 $BTC acquired for ~$57.69 billion at ~$75,694 per bitcoin. $MSTR $STRC

– Michael Saylor (@saylor) March 23, 2026

MSTR Price: Still Stuck in Neutral

Since the February 5 low near $104, the Chaikin Money Flow (CMF) has been acting like it’s got somewhere to be, making higher readings. But the price? Oh, it’s just chilling, sideways. Classic MSTR.

This is what they call a “bullish divergence.” The first one happened between January 12 and February 5, and the price jumped 20% afterward. So, maybe this time? Or maybe not. Who knows?

Right now, we’ve got another macro divergence. CMF is making higher lows, but the price is like, “Nah, I’m good.” Sitting at $138, forming a lower low. Could be bullish if the market decides to cooperate. Big “if.”

Bullish Momentum? More Like Bullish Maybe

The MACD is telling a different story. After February’s capitulation, it recovered through March, but now the histogram is negative at -0.3989. That’s like the momentum saying, “I’m out.” A bearish crossover here, and it’s game over for the February recovery.

This is a bearish divergence on the MACD. Price hit $150-$151 on March 15-16, but the MACD histogram peaked earlier and has been declining. That’s like the universe saying, “Mean reversion, anyone?”

So, what’s the deal? CMF says buy, MACD says sell. It’s like a financial soap opera. Popcorn, anyone?

MSTR Price Bounce: Still a Maybe

Bollinger Bands have MSTR at the middle band of $137.82. That’s where it’s trading. The upper band at $149.30 is the first target, aligning with the $150.15 resistance. Break that, and $157.71 is next, followed by $166.12. The 12-month analyst consensus price target of $284? That’s like saying, “If everything goes perfectly, which it never does.”

On the downside, the lower Bollinger Band at $126.35 is the line in the sand. Close below that, and the bearish MACD crossover wins. Next stops? $121.73 and maybe even $105. But hey, there’s a horizontal support at $133.64 to catch it first. Silver lining?

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2026-03-24 17:26