Strategy shares fall 3.9% as Bitcoin drops below $80,000

  • Strategy shares fell 3.82% as Bitcoin dropped below the $80,000 threshold.
  • 162,000 August jobs exceeded the 55,000 forecast, increasing rate-hike probabilities.
  • Strategy doubled its repurchase authorization, but it excludes MSTR common shares.

Strategy shares fell 3.82% to $137.35 on Monday after opening at $137.30 and touching an intraday low of $135.38, as Bitcoin slipped below $80,000 and settled near $79,116. The decline followed an August employment report showing 162,000 jobs added, compared with a 55,000 forecast, increasing the probability of further interest-rate increases and weighing on speculative assets. The S&P 500 and Nasdaq Composite each fell 0.4%, while the Dow Jones Industrial Average declined 0.8%. Strategy doubled its Digital Credit Securities Repurchase Program to $2 billion from $1 billion, but the authorization applies only to STRC preferred equity; no MSTR common shares were repurchased during the latest reporting period. Chief Executive Officer Michael Saylor said STRC's Bitcoin Credit spread narrowed by 1 basis point to 53 basis points. MSTR remains above its 20-day and 50-day moving averages but below the 200-day average at $139.09, while technical indicators point to caution and a projected five-day range of $132.00 to $143.50. Canaccord Genuity raised its MSTR target to $179 from $175 and maintained a Buy rating. Strategy's Bitcoin position and reserve levels remain stable, with 845,050 BTC and $6.5 billion in USD assets held as of 9/7/26.

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