Strategy Stock Raises $334M, Skips Bitcoin as Bearish Trend Persists

Strategy stock is showing early signs of stabilization after a punishing six-month stretch, yet the daily chart still signals a downtrend that has paused, not broken. MSTR closed at 97.68 on August 17 on roughly 20.26 million shares, but the technical and fundamental backdrop keeps the bullish case unconvincing.

Key takeaways

• MSTR closed at 97.68 on August 17, up from a 93.23 open and a session high of 98.57, on roughly 20.26 million shares.
• The daily trend is still bearish, with the 20-EMA at 96.94 below the 50-EMA at 105.96 and the 200-EMA at 162.1.
• RSI14 sits at 49.18, a neutral reading, while the MACD histogram turned positive at 0.7 as the MACD line stayed negative at -1.76.
• Strategy raised $334 million but made no bitcoin purchases, leaving BTC holdings unchanged for the week.
• A widely circulated note flagged reasons to sell MSTR after a 24.5% six-month drop, near $97.08 at the time of writing.

Strategy Stock Daily Structure: Neutral Momentum, Bearish Trend Alignment

Strategy stock’s daily structure is still bearish, even though momentum has turned neutral. Price sits just above the 20-period EMA at 96.94. However, it remains well below the 50-EMA at 105.96 and the 200-EMA at 162.1.

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