Strategy Gains 7%, Approaches 200-Day SMA Amid Bitcoin Rally

MSTR Rebounds Toward 200-Day SMA as Bitcoin Strength Lifts Stock
18 September 2025

MicroStrategy (MSTR) is showing renewed strength, approaching its 200-day simple moving average (200SMA), a key technical indicator that tracks the average closing price over the past 200 trading days. Traders often use the 200SMA to gauge long-term trend direction.

MSTR is currently trading slightly above $350, just below its 200SMA at $355. The stock has remained under this level since 25 August, with the only other notable weakness this year occurring in April amid the so-called Trump tariff tantrum. On Thursday, shares surged 6%, bouncing from a support line last tested in September 2024 and April 2025.

The rally aligns with strength in bitcoin, which is approaching $118,000—near a one-month high. Bitcoin has gained more than 8% in September, on track for its strongest September since at least 2013. Year-to-date, MSTR has risen 18%, slightly lagging bitcoin’s 22% gain.

Elsewhere in the bitcoin treasury sector, other companies continue to struggle. Japan’s Metaplanet (3350) fell 10% on Thursday, now down nearly 75% from its all-time high.

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