MSTR Drops to $230 Even After Increased Stock Offering Strategy

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: benzinga_crypto

Updated: Nov 07 2025

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Stock Offering Announcement: Strategy Inc. plans to issue 7.75 million shares of its 10% Series A Perpetual Stream Preferred Stock to raise approximately €620 million ($715 million) for Bitcoin purchases and general corporate purposes, with settlement expected on Nov. 13.
Market Reaction: Following the announcement, MSTR shares fell sharply to around $230 as investors sold off, breaking through key support levels and indicating a shift in market sentiment.
Technical Analysis: The stock is now trading below all key exponential moving averages (EMAs), suggesting that institutional inflows have paused and that recent rallies are being sold rather than accumulated.
Bitcoin Correlation: MSTR's stock performance is closely tied to Bitcoin's price movements, which recently dropped below critical support levels, amplifying MSTR's volatility due to its leveraged exposure to Bitcoin.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36100.142	48050.071	60370.162	72320.091	84640.182	96590.111	108910.202
Fibonacci	48050.071	57321.219	63048.943	72320.091	81591.239	87318.963	96590.111

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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