Bitcoin (BTC) price has had a rocky start to 2026, hovering around the $87,000 mark for most of January. With uncertainty around the asset and crypto as a whole, both BTC and crypto-focused US stocks are bearish. One of the biggest crypto-focused stocks, Strategy (MSTR), is actually up 5% in 2026. However, its 60% drop in six months remains an area of concern, with investors hoping for a catalyst for MSTR to rebound.

The largest cryptocurrency dropped as much as 3.5% on Sunday to a 2026 low of just above $86,000, before paring some of those losses. It hovered around $87,883 as of 6:15 a.m, and now sits just abov $88,000. Analysts suggest that right now, crypto sits in the back seat against other investment options, primarily Gold. As a result, MSTR sits in a precarious position, as it has invested in over 700,000 BTC. Those investments have driven the stock when BTC climbs or dips.

Despite the decline, Strategy (MSTR) is continuing its BTC buying spree in 2026. Strategy recently added $2.13 billion worth of BTC to its holdings. Led by executive chairman Michael Saylor, the company added 22,305 bitcoin at an average price of $95,284 per coin, bringing holdings to 709,715 coins acquired for $53.92 billion, or an average of $75,979 per coin. To begin the year, Strategy acquired 1,283 bitcoin for $116.0 million at an average price of $90,391 between January 1 and 4, 2026. Saylor and MSTR have doubled down on the investment plan regardless of BTC price, which will ultimately decide if the ship sinks or floats.

Also Read: Shiba Inu Enters Yearly Demand Zone That Sparked 296% Rally

If you are looking for a potential new catalyst to send MSTR higher besides BTC, you may be looking for a while. The firm has consistently framed Bitcoin as a scarce, inflation-resistant reserve that can outperform cash and traditional holdings over extended time horizons. While the strategy remains controversial due to Bitcoin’s volatility, Strategy has maintained its commitment to accumulation even during periods of market weakness.

Crypto bills and regulatory decisions in the US have helped crypto stocks like MSTR and Coinbase (COIN) in recent months. Should new bills favoring crypto be passed by the US Government, cryptocurrencies like BTC and ETH could rally, which would in turn send Strategy (MSTR) and other crypto stocks higher too.