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10x Research: Despite leverage risks, the market as a whole is still optimistic about MicroStrategys strategy of increasing holdings
Odaily News 10x Research said that MicroStrategy (MSTR) stock price is currently above the 7-day and 30-day moving averages, with a technical bullish trend, and has risen 11.6% in the past week. The company recently raised funds through stock issuance, increased its holdings by 4,225 bitcoins, costing approximately US$472.5 million, and increased its total holdings to 601,550 BTC, driving the stock price up 3.5%.
10x Research pointed out that although the market has concerns about its leveraged Bitcoin position of up to US$71 billion, it is still generally positive about its active holdings strategy. Against the backdrop of institutions continuing to increase their investment in Bitcoin, the companys Bitcoin strategy has gained more support.
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