Strategy (MSTR) Shows Signs of Potential Bottom as Criticism Peaks
When critics grow excessively vocal, shifting from skepticism to outright derision, it can signal a stock is nearing a bottom. Strategy (MSTR) may be approaching a tradeable low—not due to technical or fundamental changes, but because the volume of anger, mockery, and “victory laps” has reached classic capitulation levels.
The wave of criticism followed a Sunday night/Monday morning decline in bitcoin and MSTR. Angel investor Jason Calacanis urged followers on X to sell MSTR and buy bitcoin directly, calling Strategy “a stunning pyramid [scheme].” Peter Schiff added to the chorus, labeling the stock broken and Michael Saylor “the biggest con man on Wall Street.” Even the Financial Times weighed in, noting Strategy’s performance now appears erratic and disconnected from its rhetoric.
Amid this intensity, Strategy found support around $155 Monday morning, closed above $170, and continued climbing above $180 on Tuesday. Bitcoin also rebounded from below $84,000 to $90,000 in Tuesday trading. While it’s too early to confirm a definitive bottom, the level of capitulation is increasingly hard to ignore.
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