- Investor sentiment for MSTR shifted to bullish as Bitcoin reached a new all-time high.
- Strategy stock climbed nearly 17% from a recent low, buoyed by rising Bitcoin prices.
- Bitcoin surged 11% over the past week, hitting $125,449.77 on Sunday, according to CoinMarketCap.
- Retail investors discussed possible price targets of $400 for MSTR as optimism increased.
- More companies, including GameStop, are adopting Bitcoin reserves amid favorable U.S. crypto regulation.
MSTR shares gained momentum and investor optimism grew over the weekend following a significant rise in Bitcoin.
This shift took place as Bitcoin, the world’s largest cryptocurrency, reached a new all-time high on Sunday. Investors appeared to expect that Strategy, formerly known as MicroStrategy, could see further gains tied to the performance of Bitcoin.
Bitcoin’s price increased by 11% over the last seven days, according to CoinMarketCap, climbing to $125,449.77. In response, shares of Strategy increased nearly 17% from a recent low reached on September 25.
Retail traders cited optimism for a breakout and targeted key price points, referencing possible moves towards $400. One investor stated, “NAV will start to expand this week, $400 is possible,” while another added, “once we break key points 358 and 367, the sky is the limit.” These discussions followed late Sunday as share volume and sentiment grew.
Since 2020, Strategy has accumulated a substantial Bitcoin reserve, closely linking its share price to cryptocurrency market movements.
Its approach has influenced other companies to consider digital assets for their own reserves. In recent months, the U.S. government has advanced several cryptocurrency bills and taken a more crypto-friendly stance, a trend attributed in part to President Donald Trump.
This regulatory environment has encouraged further adoption of crypto reserves among corporations.
GameStop became one of the notable firms to add Bitcoin to its treasury this year. However, GME stock fell by 8.3% over the last two sessions, coinciding with a company warrant issue on Friday.
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