Bitcoin Rally Pushes Strategy Up 7%, Nears Key 200-Day Moving Average

MSTR Approaches 200-Day SMA as Bitcoin Rally Supports Stock
18 September 2025

MicroStrategy (MSTR) is climbing toward its 200-day simple moving average (200SMA), a key technical indicator tracking the average closing price over the past 200 trading days and signaling long-term trend direction.

Shares are trading just above $350, slightly below the 200SMA at $355. MSTR has struggled to surpass this level since 25 August, with only April’s “Trump tariff” episode showing similar weakness. On Thursday, the stock surged 6%, rebounding from a support line last tested in September 2024 and April 2025.

The rebound is supported by bitcoin, which is approaching $118,000, near a one-month high. Bitcoin has risen more than 8% in September, marking its strongest monthly gain since at least 2013. Year-to-date, MSTR has gained 18%, just behind bitcoin’s 22% rise.

Elsewhere in the bitcoin treasury sector, companies continue to face headwinds. Japan’s Metaplanet (3350) fell 10% on Thursday and remains down roughly 75% from its all-time high.