MSTR Breaks Through $135—Did Saylor Win Again? Don’t Rush to Pop Champagne

Strategy has climbed back above $135, and market sentiment is clearly starting to heat up. With BTC regaining strength recently, MSTR’s volatility has been amplified even further. On August 27, its share price rose as much as approximately 12%, clearly outperforming Bitcoin over the same period.
This is actually easy to understand: buying BTC is like taking an elevator, while buying MSTR is more like riding a roller coaster.
When you’re heading in the right direction, the speed is indeed faster; when you’re heading in the wrong direction, your stomach may give out first.
What I’m paying close attention to is Strategy’s current capital-raising capability. The company recently raised approximately $2 billion by selling common stock, while not increasing its BTC holdings at the same time, instead building a new USD cash pool.
This means Strategy is adding to its “ammunition reserve.” In the past, the market’s biggest concern was that the company’s financing capacity would come under pressure when BTC fell. Now that it has an additional pool of liquid funds, its short-term risk resistance has clearly improved.
But that does not mean MSTR has entered a mindless upward mode.
The higher the share price rises, the more sensitive the valuation becomes; moreover, issuing new shares itself can also bring potential dilution. More importantly, Strategy’s core asset remains BTC, so ultimately it still cannot escape the Bitcoin cycle.
Therefore, I view the breakout above $135 as one of the trend-confirmation signals, not a “go all-in with your eyes closed” signal.
My strategy is instead more conservative: if you already hold it, watch the trend; if you’re preparing to chase the rally, wait for a pullback; if you have no position at all, don’t suddenly feel that you’ve missed out on your whole life because of one big bullish candle.
After all, the market’s favorite way of teaching people a lesson is: just after you chase in, it starts pulling back.#Strategy股价突破135美元