MicroStrategy’s Near-Term Outlook Depends on This Bitcoin Price Level

Strategy (formerly MicroStrategy) disclosed on Monday that it spent $1. 25 billion on a 13,627 Bitcoin purchase, its biggest purchase in 6 months. With several recent buys concentrated in the $88,000 and $92,000 zone, the range is increasingly viewed as a key psychological support zone for investor sentiment. If Bitcoin breaks decisively below that range, MSTR faces heightened near-term downside risk as investor sentiment weakens and its valuation premium compresses source: https://beincrypto.com/microstrategy-bitcoin-cost-basis-risk/