MSTR Climbs Toward 200-Day SMA as Bitcoin Rally Lifts Shares
18 September 2025
MicroStrategy (MSTR) is rebounding, approaching its 200-day simple moving average (200SMA), a key technical level that reflects the average closing price over the past 200 trading days and is closely watched for long-term trend signals.
The stock is trading just above $350, slightly below the 200SMA at $355. MSTR has struggled to break this level since 25 August, with previous weakness observed in April during the so-called Trump tariff episode. On Thursday, shares jumped 6%, bouncing off a support line last tested in September 2024 and April 2025.
The rebound comes amid bitcoin strength, with the cryptocurrency nearing $118,000—its highest level in nearly a month. Bitcoin has risen more than 8% in September, on pace for its strongest monthly performance since at least 2013. Year-to-date, MSTR has gained 18%, slightly lagging bitcoin’s 22% increase.
Elsewhere in the bitcoin treasury sector, companies continue to struggle. Japan’s Metaplanet (3350) fell 10% on Thursday and remains down roughly 75% from its all-time high.
