MicroStrategy: MSTR Stock Climbs on $335M Allocation
MicroStrategy common stock rises pre-market after $300M USD and $35M BTC raises, with $STRC preferred also advancing despite dilution.
SourceAnalysis
MicroStrategy common stock advanced in pre-market trading after the firm detailed plans to allocate $300 million to USD reserves and $35 million to BTC, even as dilution from the raise weighed on sentiment.
Bitcoin trades at $65327.71 on the 4h chart inside a bullish structure defined by the EMA50 at $64197.96 acting as dynamic support and the EMA200 at $68434.64 capping upside. Momentum remains constructive with MACD at 125.4 confirming the golden cross, while RSI at 62.19 shows room before overbought conditions. Price currently tests the upper Bollinger Band resistance at $65154.27, suggesting any near-term exhaustion could pull BTC back toward the 50-EMA before continuation higher, a setup that aligns with ongoing institutional accumulation strategies and supports refined BTC price prediction models over the next quarter.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.