Strategy (MSTR) Shares Plunge 36% in November Amid Bitcoin Market Turbulence
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2025
0mins
Source: Newsfilter
- Market Turbulence: The crypto market's instability has pressured shares of companies holding Bitcoin, with Strategy's stock plummeting nearly 36% in November, indicating a waning investor confidence in digital assets.
- Investor Concerns: According to data from The Block, at least 15 Bitcoin treasury companies are trading below the net asset value of their tokens, reflecting growing doubts about these companies' future profitability.
- Industry Consolidation Expectations: Analysts at Standard Chartered noted that digital asset treasury companies hold 4% of all Bitcoin and 3.1% of all Ether, predicting consolidation in the sector, which could impact overall cryptocurrency prices.
- Diversification Strategies: As the Bitcoin treasury market becomes saturated, many companies are diversifying into other cryptocurrencies like Ether, and while these new strategies have not significantly boosted stock prices in the short term, they offer potential for future revenue growth.
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Analyst Views on MSTR
Wall Street analysts forecast MSTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSTR is 453.17 USD with a low forecast of 229.00 USD and a high forecast of 705.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 143.190
Low
229.00
Averages
453.17
High
705.00
Current: 143.190
Low
229.00
Averages
453.17
High
705.00
About MSTR
Strategy Inc., formerly MicroStrategy Incorporated, is a bitcoin treasury and business intelligence company. The Company provides cloud-native, artificial intelligence (AI)-powered enterprise analytics software to thousands of global customers. The Company’s Strategy ONE platform provides access to AI-powered workflows, unlimited data sources, cloud-native technologies, and performance to speed up time from data to action. Strategy One delivers visualization, reporting, and embedded analytics capabilities across retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. Its Strategy Mosaic is a universal intelligence layer that provides enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The Strategy Mosaic offers data clarity and connection by eliminating trade-offs between flexibility, control, and speed.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bitcoin Market Faces Heightened Fear Sentiment
- Market Sentiment Decline: Despite stocks nearing highs, Bitcoin remains stuck around $80,000, with the Crypto Fear & Greed Index consistently in the 'Fear' zone, indicating investor anxiety and caution regarding market conditions.
- Polymarket Trading Dynamics: Polymarket's 'What price will Bitcoin hit in 2026?' market has drawn over $10 million in liquidity, with current pricing showing a 71% probability for a $100,000 target and a 41% probability for a $55,000 target, reflecting high uncertainty about Bitcoin's future trajectory.
- Company Risk Exposure: Strategy holds 712,647 BTC at an average purchase price of $76,037, and as Bitcoin approaches this level, questions arise about the sustainability of its capital structure, potentially putting pressure on its stock price.
- Volume Decline Impact: With the Crypto Fear & Greed Index dropping to 28, retail activity shifts from healthy 'two-way flow' to a period of 'dead chop', directly dragging on Coinbase's transaction fee income and potentially affecting quarterly revenue performance.
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Bitcoin ETF Holders Face Losses as Prices Drop
- Holders' Losses: According to Bianco Research, Bitcoin ETF holders have an average purchase price of $90,200 while BTC trades at $84,000, resulting in an average loss of about $5,000 or roughly 7%, indicating market weakness and investor pressure.
- Strategy Company Performance: Strategy, the largest digital asset treasury, holds Bitcoin at an average price of $76,020, and while it has an approximate profit of $8,000 per coin, or a 12% gain, the overall market environment remains unfavorable, impacting future investment decisions.
- Key Support Level Analysis: Bianco Research highlights that the current average purchase price of Bitcoin is $84,500, with historical data showing this level as critical support; a sustained dip below this could lead to deeper drawdowns, affecting the overall bullish market structure.
- Technical Weakness Confirmation: Bitcoin is down 2.5% on the day and nearly 8% from recent highs, with technical setups indicating significant weakness as it broke below a rising wedge pattern, and current prices are below all key EMAs, suggesting a shift in market sentiment towards bearishness and potential further pressure in the short term.
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