Why did MSTR stock fall about 4% today?

The company reported a $17.44 billion Q4 unrealized loss under fair value accounting after Bitcoin fell roughly 24% during the quarter. The update highlighted the tight link between the stock and BTC. Options flow also leaned bearish, adding short-term pressure as traders positioned for elevated volatility around the news.

What does fair value accounting change for MSTR?

Digital assets are now carried at market value each quarter, so price moves flow through earnings as unrealized gains or losses. It increases reported EPS volatility but does not change coin holdings or cash by itself. Investors should separate these non-cash swings from core operating trends and balance sheet liquidity.

How should Canadian investors manage currency risk with MSTR?

MSTR trades in U.S. dollars, so returns also reflect CAD-USD moves. You can hold USD cash to avoid repeated conversions, or use FX hedges if available. Always factor in conversion fees and CRA tax treatment on foreign securities. Tracking CAD-adjusted performance helps measure true portfolio impact.

What technical levels matter most right now?

The 50-day average near 200.08 is key resistance, while the Bollinger middle band around 166.71 is a reference pivot. ATR of 10.34 implies wide swings, so size trades accordingly. Momentum improves if RSI climbs above 50 and price holds above the 50-day on strong volume.

Global Market Insights

MSTR Stock Today: January 6 — Q4 Fair-Value Loss Drives 4% Selloff

ByHuzaifa Zahoor January 7, 2026

MSTR stock slid about 4% on January 6 after Strategy Inc disclosed a $17.44 billion Q4 unrealized loss driven by new fair value accounting and Bitcoin’s roughly 24% quarterly drop. Options flow skewed bearish, flagging near-term pressure. For Canadians, the move highlights how equity exposure can mirror crypto swings, plus currency effects when trading U.S.-listed shares. We break down what changed in the numbers, what the chart says, and how to think about risk if you trade MSTR against BTCUSD.