Strategy Seen as Insulated From Bitcoin Slides -- Market Talk

Dow Jones

Feb 07

1156 ET - Strategy's 4Q results, which included a net loss of $12.6 billion, "landed on a day when markets were in no mood to entertain nuance: bitcoin was sliding hard, risk assets were buckling, and the company's share price fell 17%," Benchmark analyst Mark Palmer writes in a note. But the company had disclosed the loss in a regulatory filing a month ago, and management emphasized on the earnings call that the company's capital structure was designed to survive a drop in bitcoin prices without being forced to sell assets. "What has changed for Strategy, and what the market has seemed to overlook during the selloff, is the degree to which the company has fortified its capital structure with tail risks in mind," Palmer writes. Shares are up 21% after the Thursday sell-off. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

February 06, 2026 11:56 ET (16:56 GMT)

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But the company had disclosed the loss in a regulatory filing a month ago, and management emphasized on the earnings call that the company's capital structure was designed to survive a drop in bitcoin prices without being forced to sell assets. \"What has changed for <a href=\"https://laohu8.com/S/STRF\">Strategy</a>, and what the market has seemed to overlook during the selloff, is the degree to which the company has fortified its capital structure with tail risks in mind,\" Palmer writes. Shares are up 21% after the Thursday sell-off. (elias.schisgall@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2026 11:56 ET (16:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Strategy Seen as Insulated From Bitcoin Slides -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStrategy Seen as Insulated From Bitcoin Slides -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-07 00:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1156 ET - <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>'s 4Q results, which included a net loss of $12.6 billion, \"landed on a day when markets were in no mood to entertain nuance: bitcoin was sliding hard, risk assets were buckling, and the company's share price fell 17%,\" Benchmark analyst Mark Palmer writes in a note. But the company had disclosed the loss in a regulatory filing a month ago, and management emphasized on the earnings call that the company's capital structure was designed to survive a drop in bitcoin prices without being forced to sell assets. \"What has changed for <a href=\"https://laohu8.com/S/STRF\">Strategy</a>, and what the market has seemed to overlook during the selloff, is the degree to which the company has fortified its capital structure with tail risks in mind,\" Palmer writes. Shares are up 21% after the Thursday sell-off. (elias.schisgall@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2026 11:56 ET (16:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMI3.UK","symbol_name":"GRANITESHARES 3X SHORT MSTR DAILY ETP","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2609518534","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609518534","pubTimestamp":1770396960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1156 ET - Strategy's 4Q results, which included a net loss of $12.6 billion, \"landed on a day when markets were in no mood to entertain nuance: bitcoin was sliding hard, risk assets were buckling, and the company's share price fell 17%,\" Benchmark analyst Mark Palmer writes in a note. But the company had disclosed the loss in a regulatory filing a month ago, and management emphasized on the earnings call that the company's capital structure was designed to survive a drop in bitcoin prices without being forced to sell assets. \"What has changed for Strategy, and what the market has seemed to overlook during the selloff, is the degree to which the company has fortified its capital structure with tail risks in mind,\" Palmer writes. Shares are up 21% after the Thursday sell-off. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SMI3.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","MSOO":"2倍上限加速MSTR ETF-Leverage Shares","BK4516":"特朗普概念","MSTP":"2倍做多MSTR ETF-GraniteShares","APED":"STKd 100% MSTR & 100% COIN ETF","MTYY":"GraniteShares YieldBOOST MSTR ETF","3LMI.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP","BK4596":"哈里斯概念","MSTW":"Roundhill MSTR WeeklyPay ETF","MSTX":"2倍做多MSTR ETF-Defiance","BK4600":"加密货币概念","3SMI.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","09399":"南方两倍做空MSTR-U","WNTR":"做空MSTR期权收益策略ETF-YieldMax","BK4588":"碎股","LMI3.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP","BK4594":"比特币ETF概念","BK4601":"加密货币现货ETF","MSTY":"MSTR期权收益策略ETF-YieldMax","MSST":"YieldMax MSTR Performance & Distribution Target 25 ETF","BK4595":"比特币概念","MSTZ":"2倍做空MSTR ETF-T-Rex","MSTR":"Strategy","MSTY.UK":"YIELDMAX MSTR OPTION INCOME STRATEGY ETC","MST":"做多杠杆+收益MSTR ETF-Defiance","07399":"南方两倍做空MSTR","BK4023":"应用软件","IMST":"MSTR期权收益策略ETF-Bitwise","MSII":"REX MSTR Growth & Income ETF","07799":"南方两倍做多MSTR","SMST":"2倍做空MSTR ETF-Defiance","MSTK":"Tuttle Capital MSTR 0DTE Covered Call ETF","MSDD":"2倍做空MSTR ETF-GraniteShares","BK4585":"ETF&股票定投概念","09799":"南方两倍做多MSTR-U"},"translate_title":"策略被视为与比特币下滑无关——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IMST":0.6,"MSST":0.6,"MSTP":0.6,"MSTX":0.6,"MSTK":0.6,"3SMI.UK":0.6,"MSTY":0.6,"WNTR":0.6,"MSTY.UK":0.6,"MSTW":0.6,"09799":0.6,"MSOO":0.6,"MST":0.6,"MSDD":0.6,"3LMI.UK":0.6,"MSTZ":0.6,"LMI3.UK":0.6,"07399":0.6,"SMI3.UK":0.6,"MSII":0.6,"07799":0.6,"09399":0.6,"MTYY":0.6,"SMST":0.6,"APED":0.6,"MSTR":1.95},"content_text":"1156 ET - Strategy's 4Q results, which included a net loss of $12.6 billion, \"landed on a day when markets were in no mood to entertain nuance: bitcoin was sliding hard, risk assets were buckling, and the company's share price fell 17%,\" Benchmark analyst Mark Palmer writes in a note. But the company had disclosed the loss in a regulatory filing a month ago, and management emphasized on the earnings call that the company's capital structure was designed to survive a drop in bitcoin prices without being forced to sell assets. \"What has changed for Strategy, and what the market has seemed to overlook during the selloff, is the degree to which the company has fortified its capital structure with tail risks in mind,\" Palmer writes. Shares are up 21% after the Thursday sell-off. (elias.schisgall@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2026 11:56 ET (16:56 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}