According to ChainCatcher, CryptoQuant analysts pointed out that Strategy's sale of approximately $700 million worth of shares last week triggered a severe dilution effect, causing the stock price to continue to decline. The stock price is currently down about 70% from its all-time high, and increased market supply continues to put pressure on the price.
Nevertheless, the company still invested $22.46 billion in Bitcoin in 2025, a similar amount to 2024 and far exceeding previous years' investment levels. Analysts point out that this balance sheet leverage operation incurred significant costs.
