Strategy Up 7%, Nears 200 Day Simple Moving Average as Bitcoin Rallies

Core Viewpoint - MSTR is approaching its 200-day simple moving average (200SMA), which is a significant technical indicator for long-term trend direction [1] Group 1: Stock Performance - MSTR is currently trading just over $350, slightly below the 200SMA at $355, and has been under this level since August 25 [2] - The stock experienced a 6% increase on Thursday, rebounding from a support line last tested in September 2024 and April 2025 [2] - Year-to-date, MSTR has gained 18%, while bitcoin has risen by 22% [3] Group 2: Bitcoin Market Context - The rally in MSTR coincides with bitcoin's strength, which is nearing $118,000 and has increased by more than 8% in September, marking its best September since at least 2013 [3] - In contrast, other companies in the bitcoin treasury space, such as Japan's Metaplanet, have faced significant declines, with a 10% drop on Thursday and a nearly 75% decrease from their all-time high [4]