Three of the largest crypto treasury stocks are testing their most important long-term support levels at the same time. Strategy (MSTR) trades near $100, Metaplanet hovers just above ¥200, and Coinbase (COIN) defends $150.
Strategy leads all corporate Bitcoin (BTC) holders with 843,775 BTC, according to BitcoinTreasuries.net data from July 8. Metaplanet ranks third with 43,000 BTC, while Coinbase sits ninth with 16,492 BTC.
MSTR Returns to the $100 Zone That Started the 2024 Rally
MSTR traded near $97 on July 8, with premarket quotes as low as $93. The stock has therefore returned to the $100 zone it broke out from in February 2024.
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