MSTRUSDT Falls 2.12% This Week: 23rd of 35 Weeks as the Tax Headline Lands
Strategy's estimated income tax benefit landed in a week when MSTRUSDT closed down 2.12%, ranking 23rd of 35 weekly samples.
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The headline landed, the weekly candle still closed red
Strategy's estimated income tax benefit did not translate into a green week for MSTRUSDT. The Binance US-equity USDT-margined perpetual opened the week at 164.84 USDT and last closed at 161.34 USDT, a weekly move of -2.12%. Across a 35-week sample that ranks 23rd, placing it in the back half of the sample. For anyone trading this contract short-term, the gap between an accounting-flavored headline and the price action is the story: the news was sold.
Four up days, three down days
| Date | open | close | change |
|---|---|---|---|
| 2026-09-30 | 155.93 USDT | 153.44 USDT | -1.6% |
| 2026-10-01 | 153.43 USDT | 161.22 USDT | 5.08% |
| 2026-10-02 | 161.23 USDT | 160.34 USDT | -0.55% |
| 2026-10-03 | 160.35 USDT | 163.39 USDT | 1.9% |
| 2026-10-04 | 163.39 USDT | 164.85 USDT | 0.89% |
| 2026-10-05 | 164.84 USDT | 164.35 USDT | -0.3% |
| 2026-10-06 | 164.35 USDT | 164.95 USDT | 0.37% |
| 2026-10-07 | 164.94 USDT | 161.34 USDT | -2.18% |
Three days matter here. On 10-01 the contract ran from 153.43 USDT to 161.22 USDT, a 5.08% move and the largest single-day gain of the week. On 10-04 it closed at 164.85 USDT, up 0.89%, which turned out to be the closing high of the stretch. On 10-07 it opened at 164.94 USDT and closed at 161.34 USDT, down 2.18%, giving back both the 164.35 USDT and 164.95 USDT closes from 10-05 and 10-06. Four up days and three down days, with the final drop outweighing the accumulation.
The weeks that beat this one
| Stronger week | open | close | change |
|---|---|---|---|
| 2026-02-09 | 129.99 USDT | 134.24 USDT | 3.27% |
| 2026-02-23 | 130.74 USDT | 129.74 USDT | -0.76% |
| 2026-03-02 | 129.7 USDT | 129.72 USDT | 0.02% |
| 2026-03-09 | 129.72 USDT | 141.12 USDT | 8.79% |
| 2026-03-30 | 125.43 USDT | 122.99 USDT | -1.95% |
| 2026-04-06 | 122.98 USDT | 126.82 USDT | 3.12% |
| 2026-04-13 | 126.82 USDT | 162.83 USDT | 28.39% |
| 2026-04-20 | 162.85 USDT | 172.67 USDT | 6.03% |
| 2026-04-27 | 172.67 USDT | 176.46 USDT | 2.19% |
| 2026-05-04 | 176.49 USDT | 191.3 USDT | 8.39% |
| 2026-06-08 | 124.81 USDT | 131.51 USDT | 5.37% |
| 2026-06-29 | 82.37 USDT | 107.3 USDT | 30.27% |
| 2026-07-13 | 95.11 USDT | 95.85 USDT | 0.78% |
| 2026-07-20 | 95.86 USDT | 94.91 USDT | -0.99% |
| 2026-07-27 | 94.91 USDT | 94.5 USDT | -0.43% |
| 2026-08-03 | 94.5 USDT | 101.94 USDT | 7.87% |
| 2026-08-17 | 93.83 USDT | 120.7 USDT | 28.64% |
| 2026-08-24 | 120.71 USDT | 127.52 USDT | 5.64% |
| 2026-08-31 | 127.52 USDT | 146.71 USDT | 15.05% |
| 2026-09-14 | 128.73 USDT | 156.55 USDT | 21.61% |
| 2026-09-21 | 156.54 USDT | 160.93 USDT | 2.8% |
| 2026-09-28 | 160.93 USDT | 164.85 USDT | 2.44% |
22 of the 35 weeks were stronger, leaving this week at 23rd in the back half of the sample. The gap is not marginal: the week of 2026-06-29 ran from 82.37 USDT to 107.3 USDT for 30.27%, 2026-08-17 ran from 93.83 USDT to 120.7 USDT for 28.64%, 2026-04-13 ran from 126.82 USDT to 162.83 USDT for 28.39%, 2026-09-14 ran from 128.73 USDT to 156.55 USDT for 21.61%, and 2026-08-31 ran from 127.52 USDT to 146.71 USDT for 15.05%. Those weeks each lifted the price a full step; this one could not hold the 164.85 USDT close from 10-04.
What popular Square posts say
Popular Square posts argue that Strategy's estimated income tax benefit is largely a deferred-tax accounting item rather than a cash-flow improvement (relayed, not this site's view). Some posts add that headlines like this tend to get front-run by sentiment money in MSTR-linked instruments, and that price often gives back gains once the number is digested. That reading fits the tape: the 5.08% on 10-01 and the 164.85 USDT close on 10-04 look like pre-positioning, while the -2.18% on 10-07 looks like the unwind. Treat the posts as opinion, not confirmed fact.
Three things easy to miss
Gaps are routine here. The 10-01 open at 153.43 USDT and the 10-07 open at 164.94 USDT do not line up cleanly with the prior closes, so overnight positions carry that discontinuity. This is a US-equity USDT-margined perpetual with leverage built in; the slide from 164.85 USDT on 10-04 to 161.34 USDT on 10-07 punishes oversized positions faster than it punishes wrong direction. Funding costs also bleed a position over time, and traders who only count price difference often find the direction was right while the result was not. And the ranking itself is a backward-looking fact, not a forecast.
Fees at the default tier
The Binance contract default maker fee is 0.02% and the default taker fee is 0.05%. The rebate ratio is 20%, which puts the effective maker fee at 0.016% and the effective taker fee at 0.04%. With a contract moving like MSTRUSDT, the maker-versus-taker difference compounds with frequency, so know which tier you actually pay before building anything on top.
Source: https://fapi.binance.com/fapi/v1/exchangeInfo
Data as of 2026-10-07; source: Binance official API. Not investment advice.
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Binance is not available in your region. What follows is not a centralized exchange โ it is a different kind of product that you can use:
๐ Binance Web3
A self-custody wallet inside the Binance app; swaps route through on-chain DEX aggregation, not an exchange account
Bind via our link and wallet swap fees drop 30%. On-chain gas and slippage are not covered by the discount.
You must already be a verified Binance user to create a Binance Wallet (official FAQ Q13); wallet referrals and exchange referrals are two separate systems. Zero-fee pairs such as stablecoin swaps generate no rebatable fee.