On September 10, Strategy fell 3.41% in pre-market trading to $128.5/share, with turnover of $70.83 million, extending losses after the prior session's dramatic intraday reversal in which the stock opened near $141.98 but closed sharply lower at $132.70.

The decline comes amid a broader technology sector selloff that has hit speculative and leveraged products particularly hard. Reports indicate the AI trade retreat has exposed risks in high-leverage vehicles tied to Strategy, with leveraged long and short ETFs on MSTR seeing extreme moves — some cumulative losses exceeding 90% since inception. Separately, MSCI's ongoing consultation on whether to exclude digital asset treasury companies from its global equity indices, set to conclude September 30, continues to create overhang on Strategy's index eligibility and its capital-raising flywheel model.

Notably, the selling pressure persists despite multiple bullish analyst actions earlier this week, including Canaccord Genuity raising its target to $179, B. Riley lifting to $175, and Alliance Global Partners initiating at $217 with a buy rating. The company holds 845,050 BTC and recently doubled its digital credit securities buyback plan to $20 billion.

(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.)