MSTR Stock Outlook as Analyst Warns Share Dilution Weakens Strategy’s Leveraged Bitcoin Thesis

Strategy (NASDAQ: MSTR) stock is up by 30% in August 2026. The stock opened trading on August 3 at $94, and it has since gained to $127 by market close on August 28. MSTR’s gains over the last 30 days are because of two factors: Bitcoin (BTC) price recovery and the company’s rising USD reserves.