On November 27, 2025, analysis emerged regarding MicroStrategy's recent €620 million perpetual preferred stock offering in Europe, a financial instrument designed to fund further Bitcoin accumulation by attracting European investors with a 10% annual dividend. While the offering was upsized due to strong demand, the new shares have since traded below their initial price, signaling investor caution about the complex strategy. This comes as MicroStrategy's stock (MSTR) has faced intense selling pressure, driven by earlier reports of major institutional investors reducing their holdings and warnings of potential exclusion from key stock indexes. Following a significant price drop, multiple market analysts on November 27 noted that the stock has entered a technically 'oversold' or 'RSI buy zone,' a condition that has historically coincided with market bottoms for Bitcoin. In this context, a TD Cowen analyst reiterated a 'buy' rating on the stock.