MicroStrategy Stock Drops 4% as $168M Bitcoin Buy Yields Only $25 Cost Savings
MicroStrategy's Bitcoin holdings rose by 2,486 to 717,131 BTC after buying at $67,710, trimming its cost basis by $25 to $76,027. Despite this, the stock fell 4% since February 13 while Chaikin Money Flow nears zero and RSI shows hidden bearish divergence.
1. Bitcoin Acquisition Details
MicroStrategy purchased 2,486 Bitcoin at an average price of $67,710, increasing its total holdings from 714,644 BTC to 717,131 BTC and representing a $168 million outlay.
2. Cost Basis Reduction Impact
This latest purchase lowered MicroStrategy’s average acquisition cost from $76,052 to $76,027 per Bitcoin, a modest $25 reduction relative to its substantial position.
3. Stock Performance and Investor Sentiment
Shares declined nearly 4% from the February 13 close, reflecting renewed selling pressure despite the balance sheet improvement from the Bitcoin purchase.
4. Technical Indicators Warn of Downside
Chaikin Money Flow has trended toward the zero line, signaling weakening capital inflows, and a hidden bearish divergence in the RSI suggests potential for a larger price correction.