This Is How Strategy Wins Bear Markets episode artwork

EPISODE · Feb 11, 2026 · 13 MIN

This Is How Strategy Wins Bear Markets

from One Chair Podcast · host One Chair Podcast

Bitcoin just crashed to $60K, and Strategy (MSTR) still kept buying. But why didn’t they buy the dip at the bottom?In this episode, we break down Strategy’s latest $90M ATM issuance, their 1,142 BTC purchase at ~$79K, and what this means for their Bitcoin treasury model moving forward.We also dive deep into the growing importance of STRC (Strategy’s preferred stock), why trading volume is surging, and how Strategy may be on the verge of unlocking another massive round of Bitcoin accumulation.Despite brutal market sentiment, the key takeaway is clear: the Bitcoin Treasury model is still working and preferreds are proving it.In this episode:✅ Strategy’s latest Bitcoin buy explained✅ Why MSTR didn’t buy BTC at $60K✅ STRC preferred stock recovery + volume spike✅ mNAV rebound: is the turnaround starting?✅ Could Strategy buy 50,000 BTC in a single week?✅ Earnings call recap + leadership shift signals✅ Why issuing shares at low mNAV may still be bullishFor the first time in a long time, Bitcoin is trading below Strategy’s average purchase price, meaning every BTC bought now lowers their cost basis, setting up a potentially explosive next leg higher.Fear is extreme. Preferred volume is rising. mNAV is turning.Is Strategy about to go on another buying spree?00:00 MSTR Buys $90M Bitcoin01:50 STRC Rebound Signals New ATM Window03:19 50,000 BTC Buy Incoming?05:52 Strategy's Earnings Call Insights08:40 Why Common Share ATM Issuance Still Works10:11 mNAV Reversal Confirmed?11:26 Market Sentiment and Future Outlook🚨 EVENT 🚨 Make sure to get your One Chair Podcast Ticket!- Front Run — The Bitcoin Treasuries Pre-Party: https://luma.com/FrontRunBig thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.Thank you for listening!Follow us on:- X: https://x.com/OneChairPod- Youtube: https://www.youtube.com/@OneChairPod

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