{"id":71107,"date":"2026-02-05T19:32:05","date_gmt":"2026-02-05T19:32:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=71107"},"modified":"2026-02-05T19:32:05","modified_gmt":"2026-02-05T19:32:05","slug":"the-software-crypto-trade-is-crumbling-could-strategy-be-forced-to-sell-bitcoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=71107","title":{"rendered":"The Software-Crypto Trade Is Crumbling \u2013 Could Strategy Be Forced To Sell Bitcoin?"},"content":{"rendered":"<div>\n<p>Once a cash-burning enterprise software firm, <strong>Strategy Inc.<\/strong> <a class=\"ticker-link\" data-ticker=\"MSTR\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/MSTR\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/MSTR\">MSTR<\/a>) \u2013 previously known as <strong>MicroStrategy Inc.<\/strong> \u2013 became the most extreme expression <a href=\"https:\/\/www.benzinga.com\/crypto\">of the Bitcoin age. <\/a><\/p>\n<p>Under the vision of <strong>Michael Saylor<\/strong>, the company reinvented itself as a publicly listed Bitcoin accumulation vehicle \u2014 part software, part crypto treasury, part financial engineering experiment.<\/p>\n<p>For a while, it worked brilliantly.<\/p>\n<p>Between February and November 2024, Strategy shares \u2014 still trading under the MicroStrategy name at the time \u2014 surged more than 1,000%, marking a 10x increase.<\/p>\n<p>The playbook was simple: issue equity and convertibles, buy <strong>Bitcoin<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), let rising prices do the rest. <\/p>\n<p>Investors didn&#8217;t just buy software. They bought leverage to a narrative, and Strategy became the world\u2019s biggest Bitcoin holder. <\/p>\n<p>Fast-forward to late 2025, and the honeymoon is turning into a nightmare.<\/p>\n<p>Between October 2025 and early February 2026, Strategy has already lost roughly 70% of its market value. <\/p>\n<p>Over the same period, Bitcoin is down about 50%. <\/p>\n<p>What&#8217;s different this time is how the selloff is unfolding \u2014 and who Bitcoin is falling with.<\/p>\n<h3 class=\"wp-block-heading\">Strategy Inc. Price Chart \u2013 From Earth To The Moon And Back <\/h3>\n<p><figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"543\" src=\"https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2026\/02\/05133053\/image-124-1024x543.png\" alt=\"\" class=\"wp-image-1295589\" srcset=\"https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2026\/02\/05133053\/image-124-1024x543.png 1024w,https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2026\/02\/05133053\/image-124-300x159.png 300w,https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2026\/02\/05133053\/image-124-768x407.png 768w,https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2026\/02\/05133053\/image-124-1536x814.png 1536w,https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2026\/02\/05133053\/image-124-2048x1085.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><\/figure>\n<\/p>\n<h2 class=\"wp-block-heading\">Software And Crypto: Breaking Down Together<\/h2>\n<p>The crypto selloff is no longer an isolated event. It is accelerating in lockstep with a brutal unwind in software equities.<\/p>\n<p>Over the eight trading sessions through Feb. 5, the <strong>iShares Expanded &#8230;<\/strong><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/02\/50426872\/the-software-crypto-link-trade-could-strategy-be-forced-to-sell-bitcoin?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"The\" software-crypto trade is crumbling could strategy be forced to sell bitcoin>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Once a cash-burning enterprise software firm, Strategy Inc. (NASDAQ:MSTR) \u2013 previously known as MicroStrategy Inc. \u2013 became the most extreme expression of the Bitcoin age. Under the vision of Michael Saylor, the company reinvented itself as a publicly listed Bitcoin accumulation vehicle \u2014 part software, part crypto treasury, part financial engineering experiment. For a while, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-71107","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71107"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71107\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}