MicroStrategy's Latest Bitcoin Buy Lowers Average by $25; MSTR Faces Downside Risk

The MicroStrategy stock began the post-President’s Day session weak, closing nearly 4% lower compared with its Feb. 13 close despite the company adding more Bitcoin and lowering its average purchase cost. Charts suggest that this small improvement has not eased a larger downside risk forming beneath the surface.

MicroStrategy bought 2,486 Bitcoin at an average price of $67,710, raising its holdings from 714,644 BTC to 717,131 BTC. That purchase nudged the company’s average acquisition price down from $76,052 to $76,027, a $25 reduction. While this technically improves the balance sheet, the impact is small relative to the total position and the average cost remains above $76,000.

Capital-flow indicators point to caution. The Chaikin Money Flow has trended lower and now sits close to the zero line near an ascending trendline support, indicating weak inflows from large investors. Momentum analysis shows a hidden bearish divergence between Dec.

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