Key Insights
- •MicroStrategy (MSTR) stock increased by 3.5% today after closing 10% lower in the prior session.
- •The US Arizona State Fund has increased its MSTR exposure by $15 million.
- •MSTR stock is expected to witness a recovery if Bitcoin can attract bullish sentiment.
The MicroStrategy (MSTR) stock, now referred to as Strategy, has recorded a surge of over 3% in the pre-market trading session today, following a decline of nearly 10% in the prior session.
Notably, this recovery comes as the US Arizona State Pension (ASRS) Fund increased its position in Strategy stock to $15 million.
MicroStrategy (MSTR) Stock in Focus Amid Arizona State Fund Bets
The MicroStrategy (MSTR) stock is once again in the limelight today, and this time not solely because of its Bitcoin holdings.
For context, the US Arizona State Pension Fund (ASRS) has made a significant investment in the crypto-related stock, which has garnered attention from market participants.
According to a recent update by BitcoinTreasuries.Net, the $60 billion Arizona Pension Fund has increased its exposure in Strategy stock to $15 million.
This represents an additional $15 million investment in MSTR stock, showcasing the fund's confidence in the firm's long-term trajectory.
Furthermore, it highlights their interest in Bitcoin's price movement, as MSTR's performance often correlates with BTC's fluctuations.
This investment from ASRS follows a previous purchase by the pension fund worth $24 million in September.
It is important to note that the ASRS is not the only entity making substantial investments in MicroStrategy stock.
According to reports, in the first quarter of 2025, 14 US state pension funds collectively reported a combined exposure of $632 million to MSTR stock.
MSTR Stock Recovers, What’s Next?
Following the recent purchase report from the Arizona State Pension Fund, MicroStrategy stock recorded a surge of nearly 3.5% in the pre-market session today.
As of writing, the MSTR stock price was trading at $193, after closing at a 10% decrease to $186.50 in the prior session.
The company, with a market capitalization of $53.59 billion, saw its 52-week high at $543 and its low at $181.73, indicating highly volatile trading conditions in the market.
However, the recent dip could also be attributed to the recent decline in BTC price.
Given that MicroStrategy stock often follows BTC's trajectory, experts have cited Bitcoin's recent price drop below $89k as a potential reason for the 10% dip in MSTR stock during the prior session.
Despite this, the recent investments from US State pension funds demonstrate their confidence in the crypto-related stock.
It appears these funds are also optimistic about a potential recovery in BTC price, a sentiment shared by many experts.
Meanwhile, the company has continued to maintain its significant holdings in Bitcoin, even though the cryptocurrency has slipped below the $90,000 level.
A recent report from this week revealed that the firm has accumulated $835 million in Bitcoin, marking its largest purchase since the end of July.
On the other hand, the recent dip in MicroStrategy stock has also presented an opportunity for traders to enter the market at a discounted price.
Considering all these factors, it seems that MSTR stock is poised for a recovery if BTC can regain support from bullish investors in the coming days.