# MicroStrategy Stock Surges on Bitcoin Record, Nasdaq 100 Inclusion

**Published:** 2026-08-21T18:55:36.423Z  
**Topic:** Microstrategy Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/fb9ade7b-0b89-4438-b368-17867ca2a9e7

MicroStrategy shares jumped as Bitcoin hit a new record above $106,000 and the company was added to the Nasdaq 100 index, signaling potential upside targets.

MicroStrategy shares rose in pre-market trading Monday as Bitcoin set a new record high above $106,000 and the company's stock was added to the Nasdaq 100 index [1]. The company, which began purchasing Bitcoin in August 2020, has seen its shares surge more than six-fold year-to-date through Friday's close [1].

| At a glance | |
|---|---|
| MSTR Price (pre-market) | ~$424 |
| 24h Change | ~+4% |
| Key Catalyst | Bitcoin record high, Nasdaq 100 inclusion |
| Technical Pattern | Descending triangle |

## Technical Outlook and Price Targets

MicroStrategy shares have consolidated within a descending triangle pattern since a record high last month, a formation that can signal a breakout or breakdown [1]. Technical analysis using a bars pattern tool forecasts a potential upside target of around $800, nearly double Friday's closing price of $408.67 [1].

Investors are monitoring key support levels on MicroStrategy's chart. Initial support is expected near $268, followed by $227, and then $180 [1]. The $268 level is just below the 50-day moving average and may find support near the October swing high [1]. A close below $268 could lead to a test of $227, near mid-October peaks and early November troughs [1]. The $180 level, near the 200-day moving average, is the final significant support to watch [1].

## Strategy Shift and Bitcoin Holdings

Separately, MicroStrategy's CEO Phong Le stated that Bitcoin accumulation will resume later this year once the company strengthens its balance sheet and supports its preferred stock offering [2]. The company has not purchased new Bitcoin since June 22 and has sold Bitcoin four times since then [2]. This marks a shift from its previous stance of never selling Bitcoin [2].

The company's U.S. dollar cash reserves are now $4.65 billion, sufficient for operating expenses and dividends [2]. This reserve was bolstered by a $653.1 million sale of MicroStrategy shares, which outweighed the $108.6 million from a 1,690 BTC sale [2]. Year-to-date, MicroStrategy has acquired 175,000 BTC and sold 7,000 BTC, remaining a net buyer [2]. However, Bitcoin is currently trading at $64,000, about 27% down for the year, and below MicroStrategy's average acquisition price of $75,385 [2]. The company recently reported an unrealized loss of nearly $10 billion on its Bitcoin holdings [2]. Some analysis suggests aggressive Bitcoin buying might be on hold until 2027, with cash being used to buy back preferred stock instead [2].

## What to watch

*   MicroStrategy's stock price action relative to the $268 support level.
*   The company's stated intention to resume Bitcoin purchases by the end of the year.
*   Bitcoin's price movement in relation to MicroStrategy's average acquisition cost of $75,385.

The inclusion in the Nasdaq 100 index could drive automatic buying from index-tracking ETFs, while the company's strategic shift on Bitcoin sales highlights its evolving approach to capital management.

## Sources
1. Investopedia — [Watch These MicroStrategy Levels as Bitcoin Hits Record, Stock Added to Nasdaq 100](https://www.investopedia.com/watch-these-microstrategy-levels-as-bitcoin-hits-record-stock-added-to-nasdaq-100-8761828)
2. The Motley Fool — [Strategy CEO Phong Le Says Bitcoin Accumulation Will Continue Later This Year. Is It Time ..](https://www.fool.com/investing/2026/08/18/strategy-ceo-phong-le-expects-bitcoin-accumulation/)

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Cite as: TrendWatcher, "MicroStrategy Stock Surges on Bitcoin Record, Nasdaq 100 Inclusion", https://www.trendwatcher.in/article/fb9ade7b-0b89-4438-b368-17867ca2a9e7