MSTR Stock Price Prepares to Hit $700 By June, Here’s Why

The influence of Bitcoin’s performance is clearly visible in the MSTR stock price. With the constant BTC buying of the MicroStrategy firm, its demand in the crypto and the stock market has grown significantly, but there’s another side as well, which is facing downfalls with the crypto’s performances. Regardless, the positive demand is keeping it above ground, earning significant profits on this investment.

Interestingly, as the Bitcoin price surged, the MicroStrategy (Strategy) stock price also grew, but that’s just a start, as experts indicate at the potential rally of $700 next.

MSTR Stock Price Surge 10% Today

With the Bitcoin price rally in formation, the MicroStrategy stock is booming with gains. Today, it is trading at $335.72 after adding 31.72 points and a 10.43% MSTR stock price rally. The stats reveal that it is trading between the day high of $336.77 and day low of $311.36, showcasing a significant uptrend.

Interestingly, this happened as the global stock market made a recovery, adding $1.2 trillion to the market yesterday. In addition, the MicroStrategy $584M BTC buying played a significant role, as it collectively holds  506,137 $BTC worth around $44.1 billion.

With 2.4% of the Bitcoin supply, the firm is setting the stage for significant returns, whose impact is also visible on its stock price. Michael Saylor recently revealed that his company has gained $3 billion in Bitcoin value quarter-to-date (QTD). In addition, they earned a 74.3% yield in 2024 from these BTC holdings, strengthening its stock’s worth.

Why can the MSTR stock price hit $700 by the end of June?

MSTR peak price is $542.99, which it achieved at the end of 2024 along with the Bitcoin ATH rally. Although the stock’s worth has declined significantly, a massive rally to $700 is in formation as the popular analyst Peter DiCarlo claims that the THT Wave has confirmed a major bottom.

This THT trigger bottom is a historically proven setup that often leads to massive price rallies. With that, DiCaldo claims that a falling wedge breakout pattern is evident before predicting that the Strategy stock price may reach $700 by the end of June.

The THT Wave has triggered a bottom signal on $MSTR — and historically, this setup has led to explosive moves. Our model projects a target of $700 by end of June.

Final Thoughts: MicroStrategy Stock Price Rally Just Began

MicoStrategy’s stock price and Bitcoin’s performance have correlated with Michael Saylor’s BTC buying approach. The recent buying and Bitcoin price really resulted in the 10% surge from the THT bottom.

More importantly, the analyst believes the continuity of the pattern could result in the MSTR stock price doubling in the next few months. However, this is just an anticipation and requires further stock price research. 

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.