The MicroStrategy stock started the post-President’s Day session on a weak note. MSTR closed nearly 4% lower compared to its Feb. 13 (last Friday’s) close, reflecting renewed selling pressure despite positive corporate news.

This decline comes even after Strategy, previously MicroStrategy, added more Bitcoin, lowering its average purchase cost. However, charts now show that this latest BTC average drop didn’t mean much for the immediate fate of the MSTR. A much larger downside risk is forming beneath the surface.

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MicroStrategy’s Latest Bitcoin Buy Lowers Average Cost Only Slightly

MicroStrategy recently purchased 2,486 Bitcoin at an average price of $67,710. This latest acquisition increased its total…