MSTR Stock in Focus After CEO Phong Le Signals More BTC Buys

Strategy CEO Phong Le unveils a plan to address investor concerns over MSTR stock price volatility and purchase more BTC. The largest corporate Bitcoin holder is to focus on offering more Stretch (STRC) perpetual preferred shares to fund Bitcoin purchases.

Strategy Plans More STRC Offering to Curb MSTR Stock Volatility: CEO Phong Le

CEO Phong Le says Strategy (formerly MicroStrategy) will issue more Stretch (STRC) perpetual preferred stock to continue its BTC purchases. This would likely ease the concerns of investors worried about buying MSTR stock amid intense crypto market volatility.

“We’ve engineered something to protect investors who want access to digital capital without that volatility,” Le said in an interview with Bloomberg Television.

CEO Phong Le points out their preferred stock “Stretch” closed at $100 today. It means the company will be buying more BTC. STRC’s dividend rate is adjusted monthly to encourage trading around $100 and help strip away price volatility. Currently, it has a monthly reset dividend rate of 11.25%.

Notably, perpetual preferred shares have made up a small portion of Strategy’s financing, which has included $370 million in MSTR common shares and $7 million in preferred shares to fund recent BTC purchases.

Strategy executive chairman Michael Saylor echoed CEO Phong Le, stating that the company plans to continue buying BTC and not sell its holdings.

"The story of the day is Stretch closes at $100, exactly how it was engineered to perform." – Strategy CEO @PhongLe on $STRCpic.twitter.com/kscPyKOh1m

— Michael Saylor (@saylor) February 11, 2026

MSTR Stock Price Falls Another 5%

MSTR stock price has witnessed dramatic swings in recent months. MSTR stock is down almost 20% YTD and 70% since the October crypto market crash. Strategy’s market capitalization has dropped to about $40 billion as Bitcoin price crashe 50% to below $65K from a peak above $126K.

The stock price tumbled another 5.16% to $126.14 on Wednesday. Continued stock dilutions to purchase BTC impacted investor sentiment, causing analysts to lower targets as Bitcoin price corrections.

MicroStrategy reported a net loss of $12.4 billion, or $42.93 per diluted common share, in Q4 2025 earnings results, as compared to a $670.8 million loss reported in the same quarter a year earlier.

The company reported an operating loss of $17.4 billion due to an unrealized $17.4 billion loss on its digital assets under fair value accounting. Unrealized loss continues this quarter, with Strategy sitting at almost $6 billion in unrealized loss on its BTC holdings.

Traders Buying Bitcoin Dips, But Demand Falls

Bitcoin fell another 1% in the past 24 hours, with the price currently trading at $66,803. The 24-hour low and high are $65,757 and $68,650, respectively. Furthermore, trading volume has increased by more than 20% as traders buy on dips following the US jobs data.

Glassnode claims Bitcoin shows structural weakness, with price remaining defensive in the $60k-$72K range. Treasury outflows, reactive spot volume, and cooling futures signal low demand.

Derivatives markets show selling in the last few hours after a rebound, according to CoinGlass data. The total BTC futures open interest jumped 1% in the last 24 hours. However, it fell 1% over the past 4 hours to $45.21 billion, with 1% drop on CME and Binance.