MSTR, BMNR, GEMI Get Knocked Down Amid Bitcoin Crash As Retail Chatter More Than Doubles

Shares of Strategy (MSTR) AND Bitmine Immersion Technologies (BMNR) slumped on Thursday due to weaker bitcoin prices. 

Bitcoin plunged 6.3% to $83,384, hitting its lowest levels in more than two months. According to data from sosovalue Bitcoin ETF recorded $160.1 million in outflows so far this week, and if the trend follows it will be the second week in a row when there will be outflows in Total Bitcoin Spot ETF. Last week, the Bitcoin Spot ETF recorded $1.33 billion in weekly outflows. 

Shares of Strategy and Bitmine Immersion were down 11% each at the time of writing. 

Technical analysts have remained divided on Bitcoin’s near-term price action. “BTC failed to reclaim the $90,000 level again,” analyst Ted Pillows said earlier in the day. 

Major Cryptocurrencies Down 

Ethereum (ETH), Solana (SOL) and other major cryptocurrencies were also in the red on Thursday as investors keep a close eye on the crypto market structure bill markup in Washington.

The U.S. Senate Agriculture Committee is scheduled to hold a markup session for the CLARITY Act on Thursday. The debate could advance commodities rules even if the Banking Committee side of things is stalled.

Approval of the Agricultural Committee’s half of the crypto market structure bill could prove to be a catalyst for the market. It would greenlight Bitcoin and Ethereum to trade like "commodities".

Rates Held Steady

Bitcoin is also seeing pressures from the economic side after the Federal Reserve decided to hold its key benchmark rates steady on Wednesday as it flagged that inflation is still somewhat elevated. 

This has created concerns among investors on the overall health of the economy as well as Bitcoin’s position among riskier assets. 

How Did Stocktwits Users React?

Retail sentiment around MSTR trended in ‘bearish’ territory amid ‘normal’ message volume. 

One bearish user on MSTR wrote, “when a CEO has to spend 90% of his time trying to convince you that is a great idea to buy his stock. It means not good path to grow here”.

https://stocktwits.com/wolfofwallstreetbet/message/643342879

Another user said that MSTR CEO Michael Saylor needs to sell all his crypto and buy gold.

https://stocktwits.com/gxiong045/message/643341554

Retail sentiment around BMNR trended in ‘bearish’ territory amid ‘low’ message volume. 

Shares in BMNR have jumped 318% over the past 12 months whereas MSTR shares have fallen 58% over the same period.

Also Read: American Airlines Stock In Focus – What’s The Link With Venezuela?

Bitcoin’s pullback hasn’t shaken Anthony Pompliano. He says the volatility signals maturation, not collapse, and that Strategy remains a leveraged way to bet on Bitcoin’s long-term rise.

Anthony Pompliano, Professional Capital Management CEO, asked investors to “relax” about recent crypto price swings, arguing that Bitcoin’s volatility reflects a structural transition rather than a breakdown in its long-term thesis.

Speaking in a Fox Business interview on Saturday, he said that Bitcoin’s recent drawdown from its $126,000 peak to the $80,000 range, before stabilizing near $90,000, is consistent with a market that is becoming more institutional and less speculative.

Bitcoin is moving through what he described as an “IPO moment,” where ownership is shifting from early, high-volatility holders to Wall Street investors seeking a more stable asset. He noted that Bitcoin’s volatility has fallen sharply over time, making it more attractive to traditional capital but also changing how it trades in the short term.

“Bitcoin used to be an 80-volatility asset. Now it’s closer to 40,” Pompliano said, adding that as volatility declines, some investors rotate into assets with higher asymmetry.

Bitcoin (BTC) was trading at $88,489, down by 1.1% over 24 hours. On Stocktwits, retail sentiment around Bitcoin stayed in the ‘bearish’ zone, as chatter remained at ‘normal’ levels over the past day. 

Strategy Trades As Levered Bitcoin Exposure

Turning to Strategy (MSTR), Pompliano described the company as a “levered bet on Bitcoin,” saying its stock performance should be understood through that lens. He said Strategy’s aggressive Bitcoin accumulation strategy naturally amplifies both gains and drawdowns relative to Bitcoin’s price movements.

“When Bitcoin goes up, Strategy tends to outperform. When Bitcoin goes down, it draws down further,” Pompliano said, adding that this dynamic does not indicate failure.

Pompliano dismissed concerns that Strategy’s large Bitcoin purchases have weakened its balance sheet, saying critics focus too heavily on short-term price action while ignoring the long-term thesis. “If it’s not going to zero, then it’s going to a million at some point,” he said, adding that the timing remains uncertain. 

Strategy (MSTR) closed at $163.11 on Friday, flat in after-hours trading. On Stocktwits, retail sentiment around MSTR remained in ‘bearish’ territory, as chatter remained in ‘low’ levels over the past day. 

On regulation, Pompliano said clearer crypto rules are likely to benefit Wall Street incumbents even more than crypto-native firms, but ultimately will bring traditional finance and digital assets together. “In 10 or 15 years, it’s all just going to be called finance,” he said.