<p><strong>Strategy Inc A 類股 (NASDAQ: MSTR)</strong> 週一股價下跌，因為公司面臨着對其 <strong>比特幣</strong> (CRYPTO: BTC) 持有量的壓力。此次下跌發生在更廣泛的市場回調中，約 10% 的傳統機構持有的比特幣目前面臨接近 70 億美元的未實現損失。</p>
<p>投資者需要了解關於該股票下滑和 公司最新動態。</p>
<ul>
<li>Strategy 股票顯示出疲軟。 為什麼 MSTR 股價下跌？</li>
</ul>
<h3><strong>Strategy 買入抄底：週一早間更新</strong></h3>
<p>儘管市場條件動盪，Strategy 週一早間宣佈繼續其積極的收購策略。公司以約 7530 萬美元的價格購買了額外的 855 個比特幣，平均價格約為每個比特幣 87,974 美元。</p>
<p>此次最新購買使得截至 2 月 1 日，公司總持有量達到 713,502 個比特幣，總成本約為 542.6 億美元。每個比特幣的平均購買價格現已上升至約 76,052 美元。</p>
<blockquote>
<p>Strategy 已以約 7530 萬美元的價格收購 855 個比特幣，平均價格約為每個比特幣 87,974 美元。截至 2026 年 2 月 1 日，我們持有 713,502 個 $BTC，總成本約為 542.6 億美元，平均價格約為每個比特幣 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 如何應對這一折扣困境？</strong></h3>
<p>新的平均購買價格 76,052 美元使公司處於一個微妙的位置，因為比特幣的交易價格約為 77,000 美元。公司的未實現利潤已從比特幣峯值時的 350 億美元以上驟降至目前的約 11.7 億美元，表明其財務穩定性受到嚴重影響。</p>
<p>情況因最近 855 個比特幣的購買價格約為 87,974 美元而惡化，遠高於當前價格，這意味着資本立即處於虧損狀態。</p>
<p>此外，Strategy 的市場淨資產價值 已降至約 0.94 倍，這意味着其股票交易價格比每股比特幣的支持價低 6%。這一折扣引發了對公司在不損害股東價值的情況下發行新股能力的擔憂，因為其整個融資策略依賴於維持淨資產價值的溢價。</p>
<h3><strong>比特幣下滑如何影響 MicroStrategy 的估值</strong></h3>
<p>MicroStrategy 的交易方式類似於對比特幣的 槓桿押注，這意味着它通常會比加密貨幣本身更大幅度下跌，因為當價格下跌時，其核心增長引擎停止運作。公司依賴於以溢價出售自己的股票來購買更多比特幣，基本上是利用股權來收購更便宜的資產。</p>
<p>然而，最近的崩盤使得 MSTR 股價以折扣交易，這意味着該股票目前的價值低於公司實際擁有的比特幣。</p>
<h2>理解關鍵支撐和阻力水平</h2>
<p>目前，股票交易價格比其 20 日簡單移動平均線（SMA）低 12.6%，比其 100 日 SMA 低 38.9%，顯示出看跌趨勢。過去 12 個月，股價下降了 59.28%，並且更接近 52 周低點而非高點。</p>
<p>相對強弱指數（RSI）為 40.43，屬於中性區域，而 MACD 在其信號線以下，表明股票面臨看跌壓力。中性 RSI 和看跌 MACD 的組合表明動能混合，反映出股票短期方向的不確定性。</p>
<ul>
<li><strong>關鍵阻力</strong>：162.50 美元</li>
<li><strong>關鍵支撐</strong>：139.00 美元</li>
</ul>
<h2>MSTR 的商業模式</h2>
<p>Strategy 是一家比特幣國庫公司和商業智能服務提供商。它旨在通過提供一系列證券，包括股權和固定收益工具，為投資者提供不同程度的比特幣經濟敞口。公司還提供行業 AI 驅動的企業分析軟件。</p>
<p>考慮到最近關於比特幣價格波動及其對機構持有者影響的新聞，公司當前面臨的挑戰尤為相關。</p>
<h2>Benzinga Edge 排名</h2>
<p>以下是 Benzinga Edge 評分卡 ，突出顯示了 Strategy 相對於更廣泛市場的優勢和劣勢：</p>
<ul>
<li><strong>價值</strong>：3 — 股票相對於同行交易的溢價較高。</li>
<li><strong>動量</strong>：1.47 — 股票表現指標非常疲弱。</li>
</ul>
<p><strong>結論：</strong> Strategy 的 Benzinga Edge 信號揭示了經典的 “高飛者” 設置。儘管價值評分表明該股票可能被高估，但極低的動量評分警告該股票表現顯著不佳——投資者應保持謹慎。</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 股價週一下滑</h2>
<p><strong>MSTR 價格動態：</strong> 根據 Benzinga Pro 數據，週一發佈時，Strategy 股價下跌 2.63%，報 145.78 美元。</p>
<p><em>圖片來源：Shutterstock</em></p>

<p>Strategy Inc A 類股（NASDAQ:MSTR）股價下跌 2.63%，至 145.78 美元，受到比特幣持有壓力的影響，機構比特幣的未實現損失接近 70 億美元，佔比 10%。該公司以 7530 萬美元購買了 855 個比特幣，使總持有量增至 713,502 個比特幣，平均價格為 76,052 美元。該股票的交易價格較其比特幣支持價折價 6%，這使得融資工作變得複雜。MSTR 股價在過去一年下跌了 59.28%，反映出看跌趨勢，關鍵支撐位在 139.00 美元，阻力位在 162.50 美元。由於表現指標疲軟，建議投資者謹慎行事</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 類股 (NASDAQ: MSTR)</strong> 週一股價下跌，因為公司面臨着對其 <strong>比特幣</strong> (CRYPTO: BTC) 持有量的壓力。此次下跌發生在更廣泛的市場回調中，約 10% 的傳統機構持有的比特幣目前面臨接近 70 億美元的未實現損失。</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>投資者需要了解關於該股票下滑和 公司最新動態。</p>
</div><ul>
<li>Strategy stock is showing weakness. Why are MSTR shares declining?</li>
</ul>
<div class="lb-trans"><ul>
<li>Strategy 股票顯示出疲軟。 為什麼 MSTR 股價下跌？</li>
</ul>
</div><h3><strong>Strategy Buys The Dip: Monday Morning Update</strong></h3>
<div class="lb-trans"><h3><strong>Strategy 買入抄底：週一早間更新</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>儘管市場條件動盪，Strategy 週一早間宣佈繼續其積極的收購策略。公司以約 7530 萬美元的價格購買了額外的 855 個比特幣，平均價格約為每個比特幣 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>此次最新購買使得截至 2 月 1 日，公司總持有量達到 713,502 個比特幣，總成本約為 542.6 億美元。每個比特幣的平均購買價格現已上升至約 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 已以約 7530 萬美元的價格收購 855 個比特幣，平均價格約為每個比特幣 87,974 美元。截至 2026 年 2 月 1 日，我們持有 713,502 個 $BTC，總成本約為 542.6 億美元，平均價格約為每個比特幣 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 如何應對這一折扣困境？</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>新的平均購買價格 76,052 美元使公司處於一個微妙的位置，因為比特幣的交易價格約為 77,000 美元。公司的未實現利潤已從比特幣峯值時的 350 億美元以上驟降至目前的約 11.7 億美元，表明其財務穩定性受到嚴重影響。</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>情況因最近 855 個比特幣的購買價格約為 87,974 美元而惡化，遠高於當前價格，這意味着資本立即處於虧損狀態。</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 的市場淨資產價值 已降至約 0.94 倍，這意味着其股票交易價格比每股比特幣的支持價低 6%。這一折扣引發了對公司在不損害股東價值的情況下發行新股能力的擔憂，因為其整個融資策略依賴於維持淨資產價值的溢價。</p>
</div><h3><strong>How Bitcoin’s Slide Impacts MicroStrategy’s Valuation</strong></h3>
<div class="lb-trans"><h3><strong>比特幣下滑如何影響 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 的交易方式類似於對比特幣的 槓桿押注，這意味着它通常會比加密貨幣本身更大幅度下跌，因為當價格下跌時，其核心增長引擎停止運作。公司依賴於以溢價出售自己的股票來購買更多比特幣，基本上是利用股權來收購更便宜的資產。</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，最近的崩盤使得 MSTR 股價以折扣交易，這意味着該股票目前的價值低於公司實際擁有的比特幣。</p>
</div><h2>Understanding Key Support And Resistance Levels</h2>
<div class="lb-trans"><h2>理解關鍵支撐和阻力水平</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，股票交易價格比其 20 日簡單移動平均線（SMA）低 12.6%，比其 100 日 SMA 低 38.9%，顯示出看跌趨勢。過去 12 個月，股價下降了 59.28%，並且更接近 52 周低點而非高點。</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>相對強弱指數（RSI）為 40.43，屬於中性區域，而 MACD 在其信號線以下，表明股票面臨看跌壓力。中性 RSI 和看跌 MACD 的組合表明動能混合，反映出股票短期方向的不確定性。</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>關鍵阻力</strong>：162.50 美元</li>
<li><strong>關鍵支撐</strong>：139.00 美元</li>
</ul>
</div><h2>MSTR’s Business Model</h2>
<div class="lb-trans"><h2>MSTR 的商業模式</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 是一家比特幣國庫公司和商業智能服務提供商。它旨在通過提供一系列證券，包括股權和固定收益工具，為投資者提供不同程度的比特幣經濟敞口。公司還提供行業 AI 驅動的企業分析軟件。</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>考慮到最近關於比特幣價格波動及其對機構持有者影響的新聞，公司當前面臨的挑戰尤為相關。</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 評分卡 ，突出顯示了 Strategy 相對於更廣泛市場的優勢和劣勢：</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>價值</strong>：3 — 股票相對於同行交易的溢價較高。</li>
<li><strong>動量</strong>：1.47 — 股票表現指標非常疲弱。</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>結論：</strong> Strategy 的 Benzinga Edge 信號揭示了經典的 “高飛者” 設置。儘管價值評分表明該股票可能被高估，但極低的動量評分警告該股票表現顯著不佳——投資者應保持謹慎。</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 股價週一下滑</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 價格動態：</strong> 根據 Benzinga Pro 數據，週一發佈時，Strategy 股價下跌 2.63%，報 145.78 美元。</p>
</div><p><em>Image: Shutterstock</em></p>
<div class="lb-trans"><p><em>圖片來源：Shutterstock</em></p>
</div>

Strategy (MSTR) 股票下跌：究竟發生了什麼情況？