MicroStrategy holds near recent gains in pre-market as Bitcoin edges lower

MicroStrategy (MSTR) is trading slightly lower pre-market, but the stock maintains a positive tone following the recent MSCI decision to keep the "Digital Asset Treasury" firm in major indices, avoiding forced passive outflows. Analysts remain highly bullish, rating the stock a “Strong Buy” with nearly 200% implied upside over 12 months.

• MicroStrategy is trading pre-market around $165.25, slightly below its previous close of $166.97.
• The stock's performance is still influenced by the disclosure of a $17.44 billion Q4 unrealized Bitcoin loss and ongoing liquidity concerns.
• Bitcoin is currently near $90,346, providing a mild headwind as it is down less than 1% since the last close.