Michael Saylor Uses 'Dry Powder' To Add 855 BTC To Strategy's War Chest, But Jim Cramer Is Not Impressed

Strategy (NASDAQ:MSTR) bought 855 Bitcoin (CRYPTO: BTC) astatine an mean terms of $87,974 past week arsenic CNBC’s Jim Cramer questions whether enforcement president Michael Saylor has capable superior near to support the sell-off.

Strategy acquired 855 BTC for $75.3 cardinal betwixt January 26 and February 1, backing the acquisition wholly done selling 673,527 Class A shares that generated $106.1 cardinal successful nett proceeds.

Bitcoin crashed beneath $75,000 implicit the weekend, putting the caller purchases instantly underwater.

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The institution present holds 713,502 BTC acquired for $54.26 cardinal astatine an mean terms of $76,052 per coin.

With Bitcoin trading astir $77,000, Strategy’s full treasury sits marginally supra breakeven aft much than 5 years of accumulation.

Jim Cramer questioned wherever Bitcoin’s vocal supporters were arsenic prices tested cardinal method levels during the play descent to $74,000—the lowest level since April 2025.

Cramer repeatedly invoked Saylor, asking whether the longtime Bitcoin bull had “dry powder” to measurement in.

He pointed to $73,000 arsenic a captious level for Bitcoin, informing the plus indispensable reclaim $77,000 to found a “launching pad” for aboriginal gains.

However, Cramer expressed skepticism astir whether “the accustomed defenders” tin supply capable buy-side unit to halt a deeper break.

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Cramer framed the diminution arsenic a reminder of Bitcoin’s volatility and limitations arsenic a short-term currency, adjacent noting helium personally owns the asset.

“The objection of what tin hap successful a play with bitcoin demonstrates its unreliability, connected a short-term basis, to beryllium a currency,” helium wrote.

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MSTR broke down from a consolidation container betwixt $145-$165 and present tests large enactment astir $138-$146.

The banal trades astir 45% beneath its 200-day moving average—an utmost method condition.

All 4 EMAs beryllium good supra existent price: 20 EMA astatine $161.27, 50 EMA astatine $180.92, 100 EMA astatine $221.04, and 200 EMA astatine $259.04. This monolithic spread indicates terrible downward momentum.