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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.
