Strategy Stock Drops 11% From Weekly Highs Amid Bitcoin Selloff

Key Facts

1Strategy's MSTR stock fell about 11% from its weekly high as Bitcoin declined.

2An SEC filing showed the company holds 848,000 BTC in its reserves.

Strategy's MSTR stock fell about 11% from its weekly high as Bitcoin declined. Blockonomi reported that the pullback occurred despite an SEC filing showing the company holds 848,000 BTC in its reserves, highlighting the stock's role as a proxy for the cryptocurrency.

MSTR closed at $151.47 on October 8, 2026, after hitting a session low of $147.37. This price action follows a period of high volatility where the stock reached an intraday high of $170.17 on October 2, 2026, while the company's total Bitcoin holdings are valued at a cost of $63.97 billion, averaging $75,440.70 per coin.