Why did MSTR stock drop 17% today?

The selloff followed a reported Q4 net loss of US$12.4 billion, or US$42.93 per share, driven by a sharp decline in the value of its Bitcoin holdings. Investors are reassessing liquidity, potential equity issuance, and leverage. With sentiment tied to crypto moves, the market front‑runs guidance risk ahead of the earnings call.

What should Australians watch on the 5 pm ET call?

Focus on cash and liquidity, timing of debt maturities, use of at‑the‑market equity programs, any hedging framework around Bitcoin, and software revenue trends. Clear guardrails on buying pace, issuance thresholds, and scenario planning can improve confidence. Lack of detail or higher leverage targets could keep pressure on the shares.

Is MSTR stock a proxy for Bitcoin?

Largely yes. The company holds substantial Bitcoin and frames capital allocation around it, so equity performance closely tracks crypto direction. That said, it still has an enterprise software business. In stress, equity financing or debt changes can add company‑specific risk that is not present when holding Bitcoin directly.

How can I manage currency risk trading MSTR from Australia?

Consider funding and settling in USD to avoid repeated FX conversions, or use AUD‑hedged products if available in your platform. Keep FX costs in mind, and size positions so currency moves do not dominate outcomes. Some traders also stagger entries to smooth both market and FX volatility.

What technical levels matter now for MSTR stock?

Watch the 50‑day average near 165.24 as first resistance and the 200‑day around 304.45 for larger trend confirmation. Bollinger lower band near 147.65 is a reference for downside momentum. RSI near 40 suggests weak momentum; a sustained move above 50 would indicate improving strength.

Global Market Insights

MSTR Stock Today: $12.4B Q4 Loss Triggers 17% Drop; Call at 5pm ET — February 6

ByHuzaifa Zahoor February 6, 2026February 6, 2026

MSTR stock slumped 17% after the company posted a US$12.4 billion Q4 loss tied to Bitcoin’s slide, putting its leveraged strategy under pressure ahead of the 5 pm ET call. For Australians, that is 9 am AEDT on 7 February. MSTR stock moves often mirror Bitcoin (BTCUSD) swings, so guidance on risk controls and liquidity matters. We explain what happened, why it matters for local investors, and the key levels and questions to track today.