On September 1, Strategy fell 3.05% in pre-market trading, quoted at $128.49 per share, with turnover of approximately $16.54 million.

The decline comes as the stock faces continued profit-taking pressure following a roughly 37% surge over the prior week, during which shares broke above $135 for the first time in 12 weeks. Compounding the pullback, MSCI is actively consulting on rules that could reclassify Strategy as an asset accumulator rather than an operating company, potentially removing it from global equity indexes. Such exclusion would reduce passive fund demand for the stock and add strain to the equity-issuance-driven financing model that underpins over $60 billion in cumulative Bitcoin purchases.

On the fundamental side, Strategy disclosed it purchased 4,603 BTC for approximately $369.7 million at an average price of $80,318 during the week of August 24–30, its first acquisition since late June. Total holdings now stand at 845,050 BTC with an average cost basis of $75,412. While the resumption of buying signals continued institutional commitment, the MSCI overhang and elevated valuation concerns appear to be capping near-term upside.

(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.)