MicroStrategy’s stock has a clear battleground for 2026: options traders see roughly $100 as support and $130–$150 as a heavy resistance zone — a range that will likely decide whether the company’s big Bitcoin bet pays off or turns into a deeper headache. What happened - MicroStrategy (MSTR) added 2,486 BTC this week, bringing its corporate stash to 717,131 BTC, worth more than $54.5 billion at current prices. That latest tranche cost about $168.4 million, bought at an average of $67,710 per coin. The company now holds roughly 3.4% of the total supply of Bitcoin. - The purchase prompted an eyebrow-raising reaction from long-time BTC critic Peter Schiff, who tweeted, “Congratulations, you finally averaged your price down.” Schiff continued to warn that “averaging down” — buying more as prices fall — can compound losses if Bitcoin keeps sliding. Market picture - MicroStrategy shares were trading around $128.67 at press time, down nearly 4% in the short term and roughly 20% over the past month. Bitcoin itself was trading near $67,661, off about 26% over the last 30 days. - Open interest — a measure of outstanding derivative positions — fell alongside Bitcoin’s price. That tandem decline is a classic deleveraging signal: highly leveraged, short-term speculators are exiting or being forced out, cooling speculative heat and allowing longer-term holders to accumulate. Options reveal the fight zone - Options flow in MSTR points to $100 as a meaningful support level where buying interest could emerge, while heavy option strikes and selling pressure between $130–$150 create a choke point that’s proving hard to breach. A handful of high-risk bets at $200 and $300 show some traders still bank on a large BTC-driven rally. - Practically, MSTR trading between $110 and $140 signals uncertainty. A convincing move above $150 could trigger fast upside momentum; a slide toward $100 is likely to draw dip-buyers seeking exposure at lower prices. Why this matters - MicroStrategy’s strategy — treating Bitcoin as a core treasury asset and buying on dips — places the company squarely between conviction and vulnerability. If Bitcoin recovers, the plan looks prescient. If Bitcoin continues to decline, the company’s balance sheet and investor returns face material downside. - The contrast with peers is striking: Japan’s Metaplanet reported a Q4 2025 net loss of $619 million, highlighting how vulnerable corporates can be to large crypto drawdowns. For both firms, resilience will be judged by how well they absorb 20–30% price swings rather than short-term profit figures. Bottom line MicroStrategy keeps doubling down on Bitcoin, and market structure — from open interest to options strikes — has sketched a clear battle map for 2026: $100 support versus $130–$150 resistance. Whether Saylor’s bold accumulation strategy succeeds will largely hinge on Bitcoin’s next directional move and the company’s ability to weather further volatility. Disclaimer: This summary is informational and not investment advice. Crypto trading is high-risk; do your own research before making decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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