Strategy (MSTR) May Be Nearing a Bottom Amid Peak Criticism
When long-time critics shift from skepticism to outright derision, it often signals a stock approaching a bottom. Strategy (MSTR) may be in that zone—not due to technical or fundamental changes, but because public mockery and anger have reached classic capitulation levels.
The surge in criticism followed Sunday night/Monday morning declines in bitcoin and MSTR. Angel investor Jason Calacanis told followers to sell MSTR and buy bitcoin, calling Strategy “a stunning pyramid [scheme],” while Peter Schiff labeled it broken and Michael Saylor “the biggest con man on Wall Street.” The Financial Times added that the stock now appears erratic and disconnected from its rhetoric.
Amid the criticism, Strategy found support around $155 Monday, closing above $170, and continued climbing above $180 on Tuesday. Bitcoin rebounded from below $84,000 to $90,000. While a definitive bottom remains uncertain, the intensity of capitulation is increasingly notable.
