Automatic wave scan: as of 19 Oct 2026, the automatic daily count for Strategy (MicroStrategy) is Wave 2 pullback in an uptrend with a bullish bias. The count stays valid while price holds 81.81.
Current Strategy (MicroStrategy) wave count
Automatic wave scan Updated daily from the latest daily close (19 Oct 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 2, a pullback of a five wave advance that began at 81.81 on 26 Jun 2026. Next levels to watch are 115.95 and 278.73. The count fails on a daily close below 81.81.
Key levels
| Type | Levels |
|---|---|
| Resistance | 171.19 · 136.25 |
| Support | 81.81 · 113.27 |
| Invalidation | 81.81 |
What is Strategy (MicroStrategy)?
MicroStrategy was founded in 1989 by Michael Saylor and Sanju Bansal as a business software company. In August 2020 it began buying Bitcoin as its main treasury asset, funded by cash, debt and new shares. In February 2025 it renamed itself Strategy.
The company still sells analytics software, but its stock price now depends mainly on the value of its Bitcoin holdings and how much investors pay above that value.
What moves the Strategy (MicroStrategy) price?
- Bitcoin price: The value of its holdings is the main driver.
- Premium to holdings: The gap between market value and Bitcoin value changes with sentiment.
- Capital raising: New share and debt sales fund more Bitcoin buying.
- Index inclusion: It joined the Nasdaq 100 in December 2024.
- Accounting rules: Fair value accounting makes quarterly profits swing with Bitcoin.
How Strategy (MicroStrategy) moves in Elliott Wave terms
MSTR often moves two to three times as much as Bitcoin. Its waves follow Bitcoin's structure closely, but extensions are larger. Corrections of 50 percent or more have happened within Bitcoin bull markets.
Use the Bitcoin count to frame MSTR, and watch for divergence when the premium shrinks.
Tips for counting Strategy (MicroStrategy) waves
Compare with Bitcoin and watch capital raise announcements. Quarterly earnings reports often start or end a wave. Price gaps after results can skip over levels, so place stops with gaps in mind.
Strategy (MicroStrategy) key facts
Strategy (MicroStrategy) Elliott Wave FAQ
Why did MicroStrategy change its name?
In February 2025 the company renamed itself Strategy to reflect its focus on Bitcoin.
When did MicroStrategy start buying Bitcoin?
In August 2020.
Why does MSTR move more than Bitcoin?
It uses debt and share sales to buy more Bitcoin, and investors often pay a premium, which adds leverage to its moves.
Sources and further reading
- Strategy filings (10-K and 10-Q) (U.S. Securities and Exchange Commission)
- Strategy Investor Relations (Strategy)
- Strategy Inc. (Wikipedia)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
