MicroStrategy Stock News

As more companies with a crypto-treasury strategy have seen the premium of their shares to their crypto holdings narrow — or even turn into a discount — some investors are wondering whether now is a good time to buy in.

The Strategy stock price continues to plunge this month and has now fallen to the lowest level since April this year. It has moved into a deep bear market after falling by 35 percent from its highest level this year.

Across the past several trading sessions, a wise investment strategy would have been to avoid shares of Strategy Inc. (MSTR -7.14%). The institutional Bitcoin investor's stock was off by almost 13%, according to data compiled by S&P Global Market Intelligence, on weakness in its core asset.

Stocks that are soaring in value can sometimes seem like they can do no wrong. The chart suggests that the uptrend should continue.

Many things are possible in the world of cryptocurrencies. You can tokenize non-digital assets and put them on the blockchain.

The three crypto related stocks in this analysis all look as if they are trying to go higher in premarket trading, as the Bitcoin market woke up a bit in the Asian session. At this point, we are likely to see buying.

It's hard to argue with the long-term performance of Strategy (MSTR -2.46%). Since this high-profile Bitcoin treasury company started accumulating Bitcoin (BTC 0.11%) in August 2020, its stock is up more than 2,300%.

While broad market performance has been robust, one striking aspect of this cycle has been the extraordinary gains in a handful of individual equities. Ten stocks in the large-cap Russell 1,000 have now advanced more than 1,000% since the start of this period. We take a look at each of these names to provide insight into the breadth of forces powering this bull market beyond the headline indices.