Strategy (MSTR) is approaching its 200 day simple moving average (200SMA), a widely followed technical indicator that smooths out price action by calculating the average closing price over the past 200 trading days. Traders often view it as a key marker for long-term trend direction.

MSTR is currently trading just over $350, slightly below the 200SMA at $355. The stock has been under this level since Aug. 25, with the only other period of weakness this year coming in April during the so-called Trump tariff tantrum. On Thursday, shares jumped 6%, rebounding from a support line last tested in September 2024 and April 2025.

The rally coincides with strength in bitcoin, which is nearing $118,000, almost a one-month high. Bitcoin is up more than 8% in September, putting it on pace for its bes

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