Micro Strategy stock price behavior today underscores its reputation as a leveraged Bitcoin proxy play. With BTC holding gains above $69K, hedge funds appear to be scaling exposure, keeping MSTR in a strong risk-on posture. MicroStrategy announced a $22 million Bitcoin purchase today, highlighting growing fears of shareholder dilution. The firm has refused to reinstate guardrails that could prevent this. A great starting point for your Strategy research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision. Micro Strategy stock price surged over 5% in early trading today, hitting $1,299 as Bitcoin broke above $70K. The correlation between MSTR and BTC remains exceptionally high, with traders eyeing a potential test of $1,400 if crypto momentum holds. Volume has spiked 38% above the 30-day average, indicating strong institutional interest.