Key Insights
- MicroStrategy (MSTR) stock soars 3.5% today after closing at 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 the bulls.
The MicroStrategy (MSTR) stock, now 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, the 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 because of its Bitcoin bet.
For context, the US Arizona State Pension Fund (ASRS) has made a heavy bet on the crypto stock, which has gained traction from the market participants.
According to a latest update by BitcoinTreasuries.Net, the $60 billion Arizona Pension Fund has increased its exposure in Strategy to $15 million.
For context, the firm has now added another $15 million in MSTR stock, which showcases their confidence in the long-term trajectory of the firm.
In addition, it also highlights their interest in Bitcoin price, as MSTR often moves in tandem with BTC’s movement.
Meanwhile, this bet from ASRS follows another purchase of the pension fund, worth $24 million, in September.
It’s worth noting that the ASRS is not alone in making these aggressive bets on the MicroStrategy stock.
According to reports, in the first quarter of 2025, 14 US state pension funds together reported a combined $632 million exposure to MSTR stock.
MSTR Stock Recovers, What’s Next?
Following the recent purchase report of 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 10% down to $186.50 in the prior session.
The $53.59 billion market cap firm saw its 52-week high and low at $543 and $181.73, respectively. This suggests the highly volatile trading scenario hovering in the market.
However, the dip could also be attributed to the recent decline in BTC price.
As MicroStrategy stock often follows BTC’s trajectory, the experts have cited the recent dip of Bitcoin price below $89k as a potential reason for the MSTR stock dip of 10% in the prior session.
Despite that, these recent bets from the US State pension funds showcase their confidence in the crypto stock.
Having said that, it appears that they are also confident in a potential recovery in BTC price ahead, which many experts are also anticipating.
Meanwhile, the company has continued to maintain its bets on Bitcoin, even though the crypto 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 highest purchase since the end of July.
On the other hand, the recent dip in MicroStrategy stock has also allowed traders to enter the market at a discounted price.
Considering all these aspects, it seems that the MSTR stock is poised for a recovery if BTC could gain support from the bulls in the coming days.