BEARISH 📉 : Anti-Strategy ETFs Climb as MSTR Stock Hits Multi-Year Low

Anti-Strategy ETFs are experiencing a significant rally as MSTR's stock has dropped over 65% in the past six months, with its price at $133 on February 3.

GraniteShares ETF (MSDD) Reaches Record Highs

The GraniteShares 2x Short MSTR Daily ETF (MSDD) aims to deliver -200% of MSTR’s daily performance.
Launched on January 10, 2025, MSDD rose to $114, marking a 13.5% gain in 2026 and approximately 275% over the previous year.
The Defiance Daily Target 2x Short MSTR ETF (SMST) also climbed to $113, reaching an 11-month high.

MSTR's stock fell to $126, its lowest since September 2024, down 76% from its peak of $543 in November 2025.

Potential for MSTR Stock Liquidations

MSTR faces losses due to Bitcoin's price drop below $75,000, affecting its $54 billion Bitcoin holdings.
Concerns arise about potential forced liquidations if Bitcoin prices continue to fall.

Crypto analyst Lark Davis suggests that forced liquidation is unlikely as MSTR uses long-term debt with maturities years out, reducing risk compared to highly leveraged traders.