MicroStrategy (MSTR) is close to achieving a milestone of maintaining a 20-day streak of closing above $186.23 within a 30-day window, according to BitMEX Research. The company's stock has held steady for 18 out of the last 28 trading days above this threshold. If the trend continues for the next two days, MSTR will have closed above this critical level for 20 trading days within 30 days. This accomplishment is significant due to MicroStrategy's aggressive Bitcoin accumulation strategy, which has made the company one of the largest corporate holders of the cryptocurrency. There is anticipation surrounding the potential milestone, as it could result in value creation for MSTR shareholders through the redemption of outstanding bonds.
- Content Editor ( u.today )
- 2024-11-04
Michael Saylor's MicroStrategy Stock Eyes Epic Milestone in Next Two Days