Strategy's MSTR drops 50% from all-time high as BTC dips below $105,000

Strategy’s (formerly MicroStrategy) share price is on a slide as sentiment around Bitcoin turns ￰0￱ is now down by roughly 50% from its all-time ￰1￱ premium investors who once paid for indirect Bitcoin exposure through the stock seem to be unwinding as BTC dips below $105,000. Given Strategy’s status as the largest institutional Bitcoin holder, its stock continues to move largely in tandem with ￰2￱ OG crypto’s price has dropped by 14% over the last 7 days. MSTR’s share price recorded a drop of more than 12% in the last 5 trading days. Strategy’s Bitcoin holdings lose $10 billion in two weeks Strategy had managed to deliver impressive returns over ￰3￱ share price rose from around $63 in January 2024 to hit its all-time high of $543 on November 21, ￰4￱ of now, MSTR is trading at an average price of $283.84.

Pre-market trading data shows that it is running down by 8% and can see another sell-off when the market opens ￰5￱ company currently holds over $67 billion in Bitcoin, with more than $21 billion in unrealized ￰6￱ this month, favorable rulings from the US Treasury and IRS helped the company avoid a multi-billion-dollar tax bill on its BTC holdings, which pushed its MSTR price into green ￰7￱ is now down 50% from its all-time high 😬 The premium investors once paid for indirect Bitcoin exposure is ￰8￱ — Maartunn (@JA_Maartun) October 17, 2025 However, recent market turbulence has pressured both BTC and ￰9￱ shows that the market value of Strategy’s Bitcoin holdings has dropped by more than $10 billion in the past two weeks, dipping from its peak of over $78 ￰10￱ this, the company still reports an unrealized profit of nearly $21 billion. $1.2 billion crypto liquidations hit traders The Bitcoin price dip has led the market to heavy liquidations in the derivatives ￰11￱ saw BTC dipping below $105,000.

The crypto printed red indexes all around as its cumulative cap dropped by over 7% in the last 24 hours, making rounds at $3.5 trillion ￰12￱ sell-off triggered around $1.2 billion in liquidation of long and short bets placed by the ￰13￱ than $915 million worth of liquidated bets (77%) turned out to be long ￰14￱ data shows that over 307,000 traders got ￰15￱ single largest hit was a $20.4 million ETH-USD long on ￰16￱ losses totaled $453 million, with Ether contributing another $276 ￰17￱ led with $391 million in liquidations, followed by Bybit at $300 million, Binance at $259 million, and OKX at $99 ￰18￱ continues to offer leveraged exposure to Bitcoin, but its fortunes remain tightly coupled to BTC’s price ￰19￱ liquidations and broader market volatility have raised alarms for investors that institutional Bitcoin plays can deliver outsized ￰20￱ also carry heightened downside risk during periods of market ￰21￱ biggest altcoin, Ethereum, is also following the same ￰22￱ price is down by around 13% over the past 7 ￰23￱ is trading at an average price of $3,794 at press ￰24￱ your strategy with mentorship + daily ideas - 30 days free access to our trading program