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Strategy (MSTR) has returned to the $300 level as Bitcoin surges past $90,000. The stock closed at $304.11 yesterday, marking a significant rebound from its 52-week low of $101 and still far from its 52-week high of $543. This extreme price range highlights the stock’s volatile nature—a direct reflection of its heavy exposure to Bitcoin.

Strategy (MSTR)

Why Is MSTR So High?

MSTR’s recent rally since last year is likely driven by Bitcoin’s price surge rather than the company’s fundamental business performance. MicroStrategy has aggressively accumulated Bitcoin, positioning itself more as a Bitcoin proxy stock rather than a traditional software company. As a result, its stock price moves almost in sync with Bitcoin, making it highly volatile.

Risk vs. Reward: Should You Buy, Short, or Avoid?

• Reasons to Go Long (Buy MSTR)

  If Bitcoin continues its bull run, MSTR could see even higher highs, possibly testing previous peaks. Institutional adoption of Bitcoin is growing, and MicroStrategy remains a major corporate holder. The stock benefits from Bitcoin’s scarcity and potential long-term appreciation.

• Reasons to Go Short (Bet Against MSTR)

  If Bitcoin drops sharply, MSTR is likely to plummet even faster, given its leverage. The company carries debt linked to Bitcoin purchases, which could become problematic if BTC falls. Valuation concerns: At $300+, is the stock overpriced relative to its actual business revenue?

• Reasons to Avoid MSTR (Risk-Averse Approach)

  The company’s fundamental business (software) hasn’t been strong, meaning its stock performance is driven more by speculation. Extreme volatility makes it unsuitable for conservative investors. It’s a high-risk, high-reward play—big gains are possible, but so are big losses.

Final Thoughts

Personally, I would avoid MSTR due to its dependence on Bitcoin’s unpredictable price swings. While some investors may see opportunity, I prefer lower-risk investments with stronger financial fundamentals. For those comfortable with volatility, MSTR could be a high-stakes bet—but for me, the risk outweighs the reward.