On September 15, Strategy declined 3.02% overnight, trading at $132.80/share, with turnover of $20.6524 million. The pullback follows a period of heightened bearish positioning in the options market alongside the company's continued pause in Bitcoin accumulation.

According to recent disclosures, Strategy did not purchase or sell any Bitcoin during the September 8-13 period and raised no new capital through its ATM equity program. Its USD reserves declined by $140 million to $6.4 billion, partly due to $139 million spent repurchasing STRC preferred shares. The company currently holds approximately 845,050 BTC at an average cost of $75,412 per coin.

Meanwhile, the options market saw a notable $11.73 million double-sell call combination on MSTR, signaling institutional expectations that upside is capped in the near term. This follows a week where the 2x leveraged short MSTR ETF surged over 17%, reflecting broader bearish momentum. Analysts remain constructive longer-term, with Canaccord Genuity raising its target to $179 and Alliance Global Partners initiating coverage at $217, though MSCI index inclusion uncertainty continues to overhang the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)