---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000489995.md"
description: "Can someone explain to me how $Strategy(MSTR.US)  can be up 9% with $5.3B unrealized loss and Jane Street increasing position 473%? Market is completely detached from fundamentals. Either genius or madness. Saylor now holding 717,722 BTC after 100th purchase . This is just a leveraged Bitcoin ETF with extra steps."
datetime: "2026-02-26T06:17:25.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000489995.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000489995.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000489995.md)
author: "[andwagon effect～1](https://longbridge.com/en/profiles/16656322.md)"
generator: "portal-rs"
---

# Can someone explain to me how $Strategy(MSTR.US)  …


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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**