MicroStrategy ($MSTR) Stock Forecast: Up 5.5% Today

What is MicroStrategy?

MicroStrategy (MSTR) is a business intelligence company known for its substantial Bitcoin holdings, giving it a unique position in the tech and cryptocurrency industries.

Why is MicroStrategy going up?

MSTR stock is up 5.5% on Sep 13, 2024 15:16

• MicroStrategy's recent uptick is linked to its acquisition of 18,300 Bitcoins, solidifying its status as a major player in the digital asset realm.
• The discussion between Michael Saylor and Peter Schiff on Bitcoin's scarcity may have caused some market fluctuation, but MicroStrategy's continued optimism on BTC prevailed.
• Increased options activity, including bearish positions from some investors, may have introduced uncertainty to the stock's performance, but overall positivity towards MicroStrategy's Bitcoin strategy seems to have outweighed this.
• The application to boost leverage on the MicroStrategy ETF by Defiance ETFs indicates a growing investor interest in MicroStrategy's potential, potentially driving higher purchasing pressure on the stock.

MSTR Price Chart

MSTR News

MicroStrategy adds 18,300 Bitcoin, now holds $14.14B worth of BTC

MicroStrategy's $1.11 billion Bitcoin purchase was funded by selling over eight million company shares through a sales agreement.

https://cointelegraph.com/news/microstrategy-acquires-18300-btc-raising-holdings-to-244800

Peter Schiff Dismisses Michael Saylor's Bitcoin Is Scarce Argument: 'When The Supply Of New Buyers Runs Low…' - MicroStrategy ( NASDAQ:MSTR )

Renowned economist Peter Schiff challenged MicroStrategy Inc.'s MSTR co-founder Michael Saylor's argument that Bitcoin's scarce supply would continue to drive its price higher.

https://www.benzinga.com/markets/cryptocurrency/24/09/40807385/peter-schiff-dismisses-michael-saylors-bitcoin-is-scarce-argument-when-the-supply-of-new-b

Spotlight on MicroStrategy: Analyzing the Surge in Options Activity - MicroStrategy ( NASDAQ:MSTR )

Investors with a lot of money to spend have taken a bearish stance on MicroStrategy MSTR. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/09/40794671/spotlight-on-microstrategy-analyzing-the-surge-in-options-activity

Why you Should Buy the 200-day Dip in ARM, MSTR, VKTX

The 200-day moving average can provide some of the best long-term entry points. MicroStrategy, Coinbase, and Viking Therapeutics offer high reward-to-risk as they retreat to an important technical level.

https://www.zacks.com/commentary/2333689/why-you-should-buy-the-200-day-dip-in-arm-mstr-vktx

Defiance ETFs Files to Increase Leverage on MSTX ( MicroStrategy ) ETF from 1.75x to 2x, Surpassing $100 Million in Assets

NEW YORK, Sept. 09, 2024 ( GLOBE NEWSWIRE ) -- Defiance ETFs, a leading provider of leverage-focused exchange-traded funds ( ETFs ) , has filed with the SEC to increase the leverage exposure on its flagship MSTX ( MicroStrategy ) ETF from 1.75x to 2x. This filing has not yet been approved by the ...

https://www.benzinga.com/pressreleases/24/09/g40776611/defiance-etfs-files-to-increase-leverage-on-mstx-microstrategy-etf-from-1-75x-to-2x-surpassing-100

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MicroStrategy Price History

04.08.2024 - MSTR Stock was down 7.1%

• MicroStrategy's bearish movement could be attributed to the overall decline in the cryptocurrency market and concerns about the company's heavy exposure to Bitcoin.
• Marathon Digital's strategic pivot to direct Bitcoin acquisition may have diverted investor attention away from MicroStrategy, impacting its stock negatively.
• The news of MicroStrategy CEO expressing bullish sentiments towards Bitcoin may not have been enough to offset market concerns about the company's investment strategy.
• The broader market sentiment towards Bitcoin and cryptocurrency-related stocks could have also influenced MicroStrategy's bearish movement today.

30.07.2024 - MSTR Stock was down 5.0%

• The bearish movement in MicroStrategy's stock today might be linked to the general market sentiment towards Bitcoin and the cryptocurrency sector.
• Concerns among investors about the profitability of Bitcoin mining, triggered by Marathon Digital's transition towards direct Bitcoin acquisition, could have influenced the negative trend in companies like MicroStrategy.
• Despite the CEO of MicroStrategy expressing a positive outlook on Bitcoin during a bearish market phase, investors may not have been reassured, resulting in the decline in MSTR stock price.
• The recovery of Bitcoin and Ethereum from recent market turbulence, contrasted with MicroStrategy's underperformance, likely played a role in the bearish movement observed in MSTR today.

23.07.2024 - MSTR Stock was up 5.0%

• The positive sentiment around Bitcoin and the wider cryptocurrency market likely influenced the bullish movement in MSTR today.
• The burning of a significant amount of Shiba Inu tokens and the expectation of a Federal Reserve interest rate cut may have played a role in driving the positive trend in MSTR.
• With an increasing number of companies including Bitcoin in their treasury approach, investors might be favorably considering MSTR's innovative "Bitcoin strategy playbook," leading to heightened buying interest in the stock.
• The anticipated surplus liquidity resulting from a Federal Reserve rate adjustment could be viewed as a beneficial development for companies such as MicroStrategy that have substantial Bitcoin holdings on their balance sheets.

23.07.2024 - MSTR Stock was up 9.6%

• Today's optimistic movement in MicroStrategy's stock may be linked to the positive outlook from significant investors in the options market, reflecting strong confidence in the company's future.
• The expectation of a Federal Reserve interest rate reduction could also be boosting market sentiment, potentially increasing liquidity across various industries, including technology firms like MicroStrategy that are connected to cryptocurrencies.
• Public endorsements of Bitcoin by Max Keiser and MicroStrategy's chairman Michael Saylor espousing a 'Bitcoin Is Divine' belief could be contributing to the upbeat atmosphere in the cryptocurrency realm, potentially benefiting MicroStrategy's stock performance.

28.07.2024 - MSTR Stock was down 5.3%

• The bearish sentiment towards MicroStrategy (MSTR) could be attributed to the overall market's reaction to the sharp decline in Bitcoin prices.
• With MicroStrategy's heavy investment in Bitcoin, the paper losses incurred during the crypto crash likely impacted investor confidence in the company's stock.
• The acquisition of MicroStrategy stock by Vortex Brands Co., while aligning with a bullish crypto outlook, may not have been enough to offset the negative market sentiment towards MSTR today.

28.07.2024 - MSTR Stock was down 5.2%

• MSTR stock saw a decrease, likely influenced by the recent drop in Bitcoin's price.
• Vortex Brands Co. purchasing MicroStrategy stock to support a positive crypto market outlook did not reverse the downward trend.
• Semler Scientific adding $5 million worth of Bitcoin to its holdings did not impact MSTR stock.
• Despite MicroStrategy's popularity among crypto investors, the leveraged MicroStrategy ETF (MSTX) attracting $127M in six days did not halt the bearish trend for MSTR.

27.07.2024 - MSTR Stock was down 5.5%

• MicroStrategy's bearish movement could be attributed to its CEO's significant stock sell-off worth $13.5 million, which might have raised concerns among investors about the company's future prospects.
• The news of another company adding $5 million worth of Bitcoin to its holdings could have diverted some investor interest away from MicroStrategy, impacting its stock price negatively.
• The increase in institutional interest in Bitcoin, as evidenced by the growing confidence in BTC, might have shifted investor focus towards other companies with similar exposure to cryptocurrencies, leading to MicroStrategy's bearish movement.

11.08.2024 - MSTR Stock was up 5.1%

• Doubts raised by Peter Schiff regarding Bitcoin's scarcity, as opposed to Michael Saylor's stance, may have prompted some investor caution. However, this did not hinder the positive trend for MSTR.
• Despite an uptick in options market activity with a negative bias, MicroStrategy continued to enjoy a bullish sentiment.
• The decision to enhance leverage on the MicroStrategy ETF likely provided a vote of confidence in the company's growth prospects, further driving up MSTR's value.
• The anticipated surge in US corporations investing billions in Bitcoin within the next 18 months could have further boosted MicroStrategy's position, particularly given its substantial Bitcoin holdings.

06.08.2024 - MSTR Stock was down 5.1%

• Although wealthy investors showed optimism towards MicroStrategy, the stock faced a substantial bearish trend.
• Potential reasons for this downward movement include short-term traders securing profits or overall market correction affecting the stock performance.
• Despite the recent bearish trend, the prevailing positive investor sentiment might suggest a future recovery possibility as the bullish outlook remains robust.

09.08.2024 - MSTR Stock was up 5.1%

• A recent filing by Defiance ETFs to increase leverage on its MicroStrategy ETF suggests growing confidence in MSTR's performance, possibly attracting more investors.
• The projection of US companies acquiring a significant amount of Bitcoin aligns with MicroStrategy's approach, further enhancing its position in the market.
• Analysts' optimistic outlook on MicroStrategy's growth prospects, attributed to its Bitcoin exposure and software expansion, likely contributed to the positive movement in the stock.
• The favorable sentiment from affluent investors towards MicroStrategy, evident in options activity, could have also propelled the stock's upward direction.

13.08.2024 - MSTR Stock was up 5.5%

• MicroStrategy's recent uptick is linked to its acquisition of 18,300 Bitcoins, solidifying its status as a major player in the digital asset realm.
• The discussion between Michael Saylor and Peter Schiff on Bitcoin's scarcity may have caused some market fluctuation, but MicroStrategy's continued optimism on BTC prevailed.
• Increased options activity, including bearish positions from some investors, may have introduced uncertainty to the stock's performance, but overall positivity towards MicroStrategy's Bitcoin strategy seems to have outweighed this.
• The application to boost leverage on the MicroStrategy ETF by Defiance ETFs indicates a growing investor interest in MicroStrategy's potential, potentially driving higher purchasing pressure on the stock.

10.08.2024 - MSTR Stock was up 5.0%

• Increased options activity indicating a bearish stance on MicroStrategy may have led to a short squeeze, resulting in the stock's upward momentum.
• The announcement to raise leverage on the MicroStrategy ETF potentially attracted more investors seeking to benefit from the stock's current trend.
• Positive analyst assessments highlighting growth opportunities from Bitcoin exposure and software expansion likely bolstered investor sentiment and contributed to the upward movement.
• The favorable market attitude towards companies investing in Bitcoin may have also positively influenced MicroStrategy, given its notable Bitcoin holdings.