MSTR Stock Rises 3.5% as Michael Saylor Signals Bitcoin Buys

The Strategy (NASDAQ: MSTR) stock has recently experienced a recovery, gaining 3.5% in overnight trading to surpass $163. This uptick aligns with Bitcoin's price rise to $92,500, with Michael Saylor indicating potential further BTC purchases.

MSTR Stock Recovery

  • MSTR stock bounced from support at $150, now exceeding $163.
  • Investors are cautious as the January 15 MSCI Index deadline looms, which could lead to significant outflows if MSTR is removed.
  • MSTR's net asset value (mNAV) has exceeded 1, supported by its $62 billion BTC reserve.
  • Institutional demand for MSTR is increasing, with USD reserves rising to $2.2 billion.

Michael Saylor's BTC Purchase Indications

  • Saylor hinted at more BTC acquisitions via social media, sharing a suggestive chart.
  • Strategy holds 672,497 BTC, purchased at an average cost of $74,997 per BTC.
  • Strategy's BTC holdings are valued over $62 billion, reflecting 23% unrealized gains.

MSTR stock performance chart