<p><strong>Strategy Inc A 类股 (NASDAQ: MSTR)</strong> 周一股价下跌，因为公司面临着对其 <strong>比特币</strong> (CRYPTO: BTC) 持有量的压力。此次下跌发生在更广泛的市场回调中，约 10% 的传统机构持有的比特币目前面临接近 70 亿美元的未实现损失。</p>
<p>投资者需要了解关于该股票下滑和 公司最新动态。</p>
<ul>
<li>Strategy 股票显示出疲软。 为什么 MSTR 股价下跌？</li>
</ul>
<h3><strong>Strategy 买入抄底：周一早间更新</strong></h3>
<p>尽管市场条件动荡，Strategy 周一早间宣布继续其积极的收购策略。公司以约 7530 万美元的价格购买了额外的 855 个比特币，平均价格约为每个比特币 87,974 美元。</p>
<p>此次最新购买使得截至 2 月 1 日，公司总持有量达到 713,502 个比特币，总成本约为 542.6 亿美元。每个比特币的平均购买价格现已上升至约 76,052 美元。</p>
<blockquote>
<p>Strategy 已以约 7530 万美元的价格收购 855 个比特币，平均价格约为每个比特币 87,974 美元。截至 2026 年 2 月 1 日，我们持有 713,502 个 $BTC，总成本约为 542.6 亿美元，平均价格约为每个比特币 76,052 美元。 $MSTR $STRC https://t.co/x4BXtpl6UD</p>
<p>— Strategy (@Strategy) 2026 年 2 月 2 日</p>
</blockquote>
<h3><strong>Strategy 如何应对这一折扣困境？</strong></h3>
<p>新的平均购买价格 76,052 美元使公司处于一个微妙的位置，因为比特币的交易价格约为 77,000 美元。公司的未实现利润已从比特币峰值时的 350 亿美元以上骤降至目前的约 11.7 亿美元，表明其财务稳定性受到严重影响。</p>
<p>情况因最近 855 个比特币的购买价格约为 87,974 美元而恶化，远高于当前价格，这意味着资本立即处于亏损状态。</p>
<p>此外，Strategy 的市场净资产价值 已降至约 0.94 倍，这意味着其股票交易价格比每股比特币的支持价低 6%。这一折扣引发了对公司在不损害股东价值的情况下发行新股能力的担忧，因为其整个融资策略依赖于维持净资产价值的溢价。</p>
<h3><strong>比特币下滑如何影响 MicroStrategy 的估值</strong></h3>
<p>MicroStrategy 的交易方式类似于对比特币的 杠杆押注，这意味着它通常会比加密货币本身更大幅度下跌，因为当价格下跌时，其核心增长引擎停止运作。公司依赖于以溢价出售自己的股票来购买更多比特币，基本上是利用股权来收购更便宜的资产。</p>
<p>然而，最近的崩盘使得 MSTR 股价以折扣交易，这意味着该股票目前的价值低于公司实际拥有的比特币。</p>
<h2>理解关键支撑和阻力水平</h2>
<p>目前，股票交易价格比其 20 日简单移动平均线（SMA）低 12.6%，比其 100 日 SMA 低 38.9%，显示出看跌趋势。过去 12 个月，股价下降了 59.28%，并且更接近 52 周低点而非高点。</p>
<p>相对强弱指数（RSI）为 40.43，属于中性区域，而 MACD 在其信号线以下，表明股票面临看跌压力。中性 RSI 和看跌 MACD 的组合表明动能混合，反映出股票短期方向的不确定性。</p>
<ul>
<li><strong>关键阻力</strong>：162.50 美元</li>
<li><strong>关键支撑</strong>：139.00 美元</li>
</ul>
<h2>MSTR 的商业模式</h2>
<p>Strategy 是一家比特币国库公司和商业智能服务提供商。它旨在通过提供一系列证券，包括股权和固定收益工具，为投资者提供不同程度的比特币经济敞口。公司还提供行业 AI 驱动的企业分析软件。</p>
<p>考虑到最近关于比特币价格波动及其对机构持有者影响的新闻，公司当前面临的挑战尤为相关。</p>
<h2>Benzinga Edge 排名</h2>
<p>以下是 Benzinga Edge 评分卡 ，突出显示了 Strategy 相对于更广泛市场的优势和劣势：</p>
<ul>
<li><strong>价值</strong>：3 — 股票相对于同行交易的溢价较高。</li>
<li><strong>动量</strong>：1.47 — 股票表现指标非常疲弱。</li>
</ul>
<p><strong>结论：</strong> Strategy 的 Benzinga Edge 信号揭示了经典的 “高飞者” 设置。尽管价值评分表明该股票可能被高估，但极低的动量评分警告该股票表现显著不佳——投资者应保持谨慎。</p>
<p><img src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/02102727/Screenshot-2026-02-02-at-10.27.14%E2%80%AFAM-1024x200.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/02102727/Screenshot-2026-02-02-at-10.27.14%E2%80%AFAM-1024x200.png"/></p>
<h2>MSTR 股价周一下滑</h2>
<p><strong>MSTR 价格动态：</strong> 根据 Benzinga Pro 数据，周一发布时，Strategy 股价下跌 2.63%，报 145.78 美元。</p>
<p><em>图片来源：Shutterstock</em></p>

<p>Strategy Inc A 类股（NASDAQ:MSTR）股价下跌 2.63%，至 145.78 美元，受到比特币持有压力的影响，机构比特币的未实现损失接近 70 亿美元，占比 10%。该公司以 7530 万美元购买了 855 个比特币，使总持有量增至 713,502 个比特币，平均价格为 76,052 美元。该股票的交易价格较其比特币支持价折价 6%，这使得融资工作变得复杂。MSTR 股价在过去一年下跌了 59.28%，反映出看跌趋势，关键支撑位在 139.00 美元，阻力位在 162.50 美元。由于表现指标疲软，建议投资者谨慎行事</p>

<p><strong>Strategy Inc Class A (NASDAQ: MSTR)</strong> shares are trading lower Monday as the company faces mounting pressure on its <strong>Bitcoin</strong> (CRYPTO: BTC) holdings. The decline comes amid a broader market pullback where approximately 10% of all Bitcoin held by traditional institutions is now sitting at unrealized losses nearing $7 billion.</p>
<div class="lb-trans"><p><strong>Strategy Inc A 类股 (NASDAQ: MSTR)</strong> 周一股价下跌，因为公司面临着对其 <strong>比特币</strong> (CRYPTO: BTC) 持有量的压力。此次下跌发生在更广泛的市场回调中，约 10% 的传统机构持有的比特币目前面临接近 70 亿美元的未实现损失。</p>
</div><p>Here is what investors need to know about the stock’s slide and the company’s latest move.</p>
<div class="lb-trans"><p>投资者需要了解关于该股票下滑和 公司最新动态。</p>
</div><ul>
<li>Strategy stock is showing weakness. Why are MSTR shares declining?</li>
</ul>
<div class="lb-trans"><ul>
<li>Strategy 股票显示出疲软。 为什么 MSTR 股价下跌？</li>
</ul>
</div><h3><strong>Strategy Buys The Dip: Monday Morning Update</strong></h3>
<div class="lb-trans"><h3><strong>Strategy 买入抄底：周一早间更新</strong></h3>
</div><p>Despite the turbulent market conditions, Strategy announced Monday morning that it has continued its aggressive acquisition strategy. The company purchased an additional 855 BTC for approximately $75.3 million at an average price of approximately $87,974 per bitcoin.</p>
<div class="lb-trans"><p>尽管市场条件动荡，Strategy 周一早间宣布继续其积极的收购策略。公司以约 7530 万美元的价格购买了额外的 855 个比特币，平均价格约为每个比特币 87,974 美元。</p>
</div><p>This latest purchase brings the company’s total holdings as of Feb. 1, to 713,502 BTC, acquired for a total cost of roughly $54.26 billion. The total average purchase price has now ticked up to about $76,052 per bitcoin.</p>
<div class="lb-trans"><p>此次最新购买使得截至 2 月 1 日，公司总持有量达到 713,502 个比特币，总成本约为 542.6 亿美元。每个比特币的平均购买价格现已上升至约 76,052 美元。</p>
</div><blockquote>
<p>Strategy has acquired 855 BTC for ~$75.3 million at ~$87,974 per bitcoin. As of 2/1/2026, we hodl 713,502 $BTC acquired for ~$54.26 billion at ~$76,052 per bitcoin. $MSTR $STRC https://t.co/x4BXtpl6UD</p>
<p>— Strategy (@Strategy) February 2, 2026</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>Strategy 已以约 7530 万美元的价格收购 855 个比特币，平均价格约为每个比特币 87,974 美元。截至 2026 年 2 月 1 日，我们持有 713,502 个 $BTC，总成本约为 542.6 亿美元，平均价格约为每个比特币 76,052 美元。 $MSTR $STRC https://t.co/x4BXtpl6UD</p>
<p>— Strategy (@Strategy) 2026 年 2 月 2 日</p>
</blockquote>
</div><h3><strong>How Will Strategy Navigate This Discount Dilemma?</strong></h3>
<div class="lb-trans"><h3><strong>Strategy 如何应对这一折扣困境？</strong></h3>
</div><p>The new average purchase price of $76,052 places the company in a precarious position as Bitcoin trades around $77,000. The company's unrealized profit has plummeted from over $35 billion at Bitcoin’s peak to approximately $1.17 billion currently, indicating a severe impact on its financial stability.</p>
<div class="lb-trans"><p>新的平均购买价格 76,052 美元使公司处于一个微妙的位置，因为比特币的交易价格约为 77,000 美元。公司的未实现利润已从比特币峰值时的 350 亿美元以上骤降至目前的约 11.7 亿美元，表明其财务稳定性受到严重影响。</p>
</div><p>The situation is worsened by the fact that the most recent tranche of 855 coins was purchased at approximately $87,974, well above current prices, meaning that capital is immediately underwater.</p>
<div class="lb-trans"><p>情况因最近 855 个比特币的购买价格约为 87,974 美元而恶化，远高于当前价格，这意味着资本立即处于亏损状态。</p>
</div><p>Furthermore, Strategy’s market NAV value has dropped to roughly 0.94x, meaning its stock trades at a 6% discount to the Bitcoin backing each share. This discount raises concerns about the company’s ability to issue new shares without destroying shareholder value, as its entire capital-raising strategy relies on maintaining a premium over net asset value.</p>
<div class="lb-trans"><p>此外，Strategy 的市场净资产价值 已降至约 0.94 倍，这意味着其股票交易价格比每股比特币的支持价低 6%。这一折扣引发了对公司在不损害股东价值的情况下发行新股能力的担忧，因为其整个融资策略依赖于维持净资产价值的溢价。</p>
</div><h3><strong>How Bitcoin’s Slide Impacts MicroStrategy’s Valuation</strong></h3>
<div class="lb-trans"><h3><strong>比特币下滑如何影响 MicroStrategy 的估值</strong></h3>
</div><p>MicroStrategy trades like a leveraged bet on Bitcoin, meaning it often crashes harder than the cryptocurrency itself because its core growth engine stops working when prices drop. The company relies on selling its own stock at a premium to buy more Bitcoin, essentially using equity to acquire cheaper assets.</p>
<div class="lb-trans"><p>MicroStrategy 的交易方式类似于对比特币的 杠杆押注，这意味着它通常会比加密货币本身更大幅度下跌，因为当价格下跌时，其核心增长引擎停止运作。公司依赖于以溢价出售自己的股票来购买更多比特币，基本上是利用股权来收购更便宜的资产。</p>
</div><p>However, the recent crash has pushed MSTR shares to trade at a discount, meaning the stock is currently worth less than the actual Bitcoin the company owns.</p>
<div class="lb-trans"><p>然而，最近的崩盘使得 MSTR 股价以折扣交易，这意味着该股票目前的价值低于公司实际拥有的比特币。</p>
</div><h2>Understanding Key Support And Resistance Levels</h2>
<div class="lb-trans"><h2>理解关键支撑和阻力水平</h2>
</div><p>Currently, the stock is trading 12.6% below its 20-day simple moving average (SMA) and 38.9% below its 100-day SMA, demonstrating a bearish trend. Shares have decreased by 59.28% over the past 12 months and are positioned closer to their 52-week lows than highs.</p>
<div class="lb-trans"><p>目前，股票交易价格比其 20 日简单移动平均线（SMA）低 12.6%，比其 100 日 SMA 低 38.9%，显示出看跌趋势。过去 12 个月，股价下降了 59.28%，并且更接近 52 周低点而非高点。</p>
</div><p>The RSI is at 40.43, which is considered neutral territory, while the MACD is below its signal line, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum, reflecting uncertainty in the stock’s near-term direction.</p>
<div class="lb-trans"><p>相对强弱指数（RSI）为 40.43，属于中性区域，而 MACD 在其信号线以下，表明股票面临看跌压力。中性 RSI 和看跌 MACD 的组合表明动能混合，反映出股票短期方向的不确定性。</p>
</div><ul>
<li><strong>Key Resistance</strong>: $162.50</li>
<li><strong>Key Support</strong>: $139.00</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>关键阻力</strong>：162.50 美元</li>
<li><strong>关键支撑</strong>：139.00 美元</li>
</ul>
</div><h2>MSTR’s Business Model</h2>
<div class="lb-trans"><h2>MSTR 的商业模式</h2>
</div><p>Strategy is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provides industry AI-powered enterprise analytics software.</p>
<div class="lb-trans"><p>Strategy 是一家比特币国库公司和商业智能服务提供商。它旨在通过提供一系列证券，包括股权和固定收益工具，为投资者提供不同程度的比特币经济敞口。公司还提供行业 AI 驱动的企业分析软件。</p>
</div><p>The company’s current challenges are particularly relevant given the recent news surrounding Bitcoin’s price volatility and the impact on institutional holders.</p>
<div class="lb-trans"><p>考虑到最近关于比特币价格波动及其对机构持有者影响的新闻，公司当前面临的挑战尤为相关。</p>
</div><h2>Benzinga Edge Rankings</h2>
<div class="lb-trans"><h2>Benzinga Edge 排名</h2>
</div><p>Below is the Benzinga Edge scorecard for Strategy, highlighting its strengths and weaknesses compared to the broader market:</p>
<div class="lb-trans"><p>以下是 Benzinga Edge 评分卡 ，突出显示了 Strategy 相对于更广泛市场的优势和劣势：</p>
</div><ul>
<li><strong>Value</strong>: 3 — The stock is trading at a steep premium relative to peers.</li>
<li><strong>Momentum</strong>: 1.47 — Stock is showing very weak performance indicators.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>价值</strong>：3 — 股票相对于同行交易的溢价较高。</li>
<li><strong>动量</strong>：1.47 — 股票表现指标非常疲弱。</li>
</ul>
</div><p><strong>The Verdict:</strong> Strategy’s Benzinga Edge signal reveals a classic “High-Flyer” setup. While the Value score suggests the stock may be overvalued, the extremely low Momentum score warns that the stock is underperforming significantly—investors should exercise caution.</p>
<div class="lb-trans"><p><strong>结论：</strong> Strategy 的 Benzinga Edge 信号揭示了经典的 “高飞者” 设置。尽管价值评分表明该股票可能被高估，但极低的动量评分警告该股票表现显著不佳——投资者应保持谨慎。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/02102727/Screenshot-2026-02-02-at-10.27.14%E2%80%AFAM-1024x200.png" alt="" original-src="https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/02102727/Screenshot-2026-02-02-at-10.27.14%E2%80%AFAM-1024x200.png"/></p>
<h2>MSTR Shares Slide Monday</h2>
<div class="lb-trans"><h2>MSTR 股价周一下滑</h2>
</div><p><strong>MSTR Price Action:</strong> Strategy shares were down 2.63% at $145.78 at the time of publication on Monday, according to Benzinga Pro data.</p>
<div class="lb-trans"><p><strong>MSTR 价格动态：</strong> 根据 Benzinga Pro 数据，周一发布时，Strategy 股价下跌 2.63%，报 145.78 美元。</p>
</div><p><em>Image: Shutterstock</em></p>
<div class="lb-trans"><p><em>图片来源：Shutterstock</em></p>
</div>

Strategy (MSTR) 股票下跌：究竟发生了什么情况？