MicroStrategy paused its 13-week Bitcoin purchasing streak. The company is shifting focus to at-the-market equity and preferred stock offerings to structure its balance sheet. MicroStrategy stock has fallen nearly 18% year-to-date.
A technical analyst identified the first TD Sequential buy signal in months on the monthly chart on April 2. Market analysis suggests the stock's corrective phase may be ending. The analyst noted a potential final drop toward the $90 to $100 range could present a buying opportunity for investors.