MicroStrategy (MSTR) stock has rebounded sharply, recording a 20% recovery from its September lows to reach $352 at press time. This surge is driven by heavy institutional accumulation and a parallel Bitcoin price rally, marking the stock's sharpest recovery since July.
The company's net asset value (NAV) hit a new all-time high of $77.4 billion on Thursday, as announced by Chairman Michael Saylor. This milestone was achieved rapidly, with Bitcoin's NAV growing from $2.1 billion at the end of 2020—a staggering 3,580% return over five years.
In a strategic expansion, MicroStrategy's Series A perpetual stretch preferred stock (STRC) is now tradable on Robinhood, priced at $98.97. This move aims to attract retail traders and raise capital for additional Bitcoin purchases, leveraging variable interest rates to balance dividends during market trends.
Bitcoin's price has rallied from $108,585 in September to $122,250, with technical analysis pointing to a potential rise to $131,250 based on a bullish flag pattern. This optimism is bolstered by weak jobs data—a loss of 36,000 jobs in September—raising expectations of Fed rate cuts and sustaining institutional demand.
Technical indicators for MSTR stock, including a falling wedge pattern and breaks above key moving averages, suggest further upside, with targets near $450 to $462 if Bitcoin's bullish momentum continues.
