MicroStrategy Stock Could Hit 2-Month High After Record Bitcoin Purchase
The MicroStrategy share price is approaching a key technical level after announcing its largest Bitcoin purchase in more in 16 months. The company recently acquired 22,337 BTC, bringing total holdings to 761,068 BTC with an average cost basis of $75,696. Meanwhile, the MSTR stock has recovered sharply from February lows and now trades near the $149–$150 resistance zone, a level that could determine whether the rally continues. MicroStrategy’s Record Bitcoin Purchase Strengthens Bullish Sentiment MicroStrategy recently confirmed it purchased 22,337 Bitcoin, marking its largest acquisition since November 2024
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