A spike in options activity indicates traders hedging MicroStrategy stock price moves ahead of key Bitcoin market updates. Historical volatility data suggests potential for double-digit swings in short bursts. Tesla CEO Elon Musk has frequently joked about Dogecoin , while Ark Invest CEO Cathie Wood has consistently voiced strong optimism around Bitcoin (CRYPTO: BTC) . Another corporate leader who has gone even further is Strategy co-founder, Michael Saylor. “Using a range of scenarios, I have modeled potential outcomes for MicroStrategy’s valuation based on future Bitcoin prices, expected BTC holdings, share dilution, and its NAV premium multiplier. Here is how these scenarios play out in 5 years time (2029): • Best Case Scenario: Bitcoin becomes a global reserve asset adopted by governments. • BTC Price: $1,000,000 • BTC Held: 526,700 • Market Cap: $2.1 trillion • Price Per Share: $6,218 (adjusted for dilution) • Probability: 10%” The resilience of MicroStrategy stock price during Nasdaq fluctuations points to its distinct role as a corporate Bitcoin proxy. With BTC spot prices trending higher, short-term upside targets of $1,420-$1,450 are increasingly cited.