MicroStrategy's stocks, the world's largest publicly traded Bitcoin holder, are catching the attention of traders following recent Bitcoin accumulation. The main focus is on capitalization growth and liquidity trends.
Accumulation of Bitcoin and Cash Reserves
MicroStrategy continues to add Bitcoin to its assets despite market fluctuations. In recent weeks, the company purchased 3,081 BTC for approximately $356.9 million, increasing total reserves to 632,457 BTC. The average purchase price stands at $73,527 per coin, which strengthens investors' confidence that the company views Bitcoin as a long-term appreciating asset.
Global Liquidity and Its Impact
The dynamics of MicroStrategy's stocks also reflect changes in global liquidity. An increase in the M2 money supply creates conditions for investments in assets like stocks and Bitcoin. This year, Bitcoin has already reacted noticeably to the rise in M2, further supporting traders' interest in the company's stocks.
MicroStrategy Stock Price Structure and Support Levels
The current structure of MicroStrategy's stocks shows that after a recent decline, the price hovered around $343. Strong resistance is found between $404 and $433. A breakout above this level could signify a return of buyers. Next targets are at $457, $480, and $514, while support at $320 remains critically important.
Given the accumulating Bitcoin reserves, fresh funding, and the overall increase in liquidity, MicroStrategy's stocks have the potential for growth. The challenge lies in overcoming resistance levels, which could lead to reaching the $500 price milestone.
