Strategy (MSTR) Shows Signs of Potential Bottom Amid Wave of Criticism

There comes a point when long-standing critics grow so vocal, their tone shifting from criticism to outright arrogance, that it often signals sentiment approaching a bottom. Strategy (MSTR) may be nearing a tradeable low—not due to technical indicators or specific fundamental changes, but because the sheer volume of mockery, anger, and “victory laps” aimed at the stock has reached classic capitulation levels.

The surge in criticism followed a Sunday night/Monday morning drop in both bitcoin and MSTR. Angel investor Jason Calacanis, host of the All In podcast, urged followers on X to sell MSTR and buy bitcoin directly, calling Strategy “a stunning pyramid [scheme].” Crypto skeptic Peter Schiff posted multiple messages on Monday labeling the stock broken and describing Michael Saylor as “the biggest con man on Wall Street.”

The Financial Times joined the chorus Tuesday, with Craig Coben noting: “What once looked bold and brilliant now appears erratic and chaotic… the gap between rhetoric and results has become difficult to ignore, particularly as the stock price significantly lags the asset it is supposed to track and magnify.”

Critics have clearly dominated the narrative in 2025, as MSTR has plunged over 70% from late-2024 highs. Yet history shows no one is right forever, and extreme public derision can often coincide with bottoming conditions.

Indeed, amid the wave of criticism, Strategy quietly found support around $155 on Monday morning and closed above $170. Shares have continued higher on Tuesday, trading above $180 and posting gains for the week. Bitcoin also saw a modest rebound, rising from below $84,000 on Monday to reclaim $90,000 in Tuesday U.S. trading.

Whether this marks a definitive bottom for MSTR remains uncertain, but the intensity of capitulation and broad bearish sentiment is increasingly difficult to ignore.