MSTR Stock Price Prediction as Strategy Emerges the Most Tokenized Company With $491M in Value

Strategy (NASDAQ: MSTR) stock price is in focus as Strategy emerges as the most tokenized company on-chain, surpassing giants like Nvidia, Tesla, and SpaceX.

Strategy’s vast market share comes as the market cap of tokenized stocks surges to an all-time high above $3.8 billion.

Strategy Dominates Tokenized Stocks

In a recent X post, Strategy noted that the value of tokenized STRC and Strategy shares has reached a combined value of $491 million. MSTR stock has a tokenized value of $246 million, while STRC’s tokenized value sits at $245 million.

CRCL stock comes in second with $338 million in tokenized value, followed by SpaceX stock with $174 million.

Another X post by xStocks also noted that STRC is now the largest tokenized stock in the world with a circulating market cap of $158.8 million. In comparison, MSTR stock ranks third in this metric with a tokenized circulating market cap of $119.1 million.

The rising demand for MSTR tokenized stocks comes as the CEO of Nasdaq, Adena Friedman, says that tokenization could unlock tens of billions of dollars in capital that is currently locked up in collateral.

Strategy’s mNAV ratio Falls Below $1 Even as BTC Stash Remains in Profit

Data from Strategy Tracker shows that Strategy’s mNAV ratio has dropped to 0.93. The drop below 1 suggests that the market is pricing Strategy at a lower value than the value of Bitcoin that it holds.

The drop comes shortly after Strategy purchased an additional 334 BTC between October 1 and 4, which brought the company’s total BTC holdings to $70.08 billion.

The company also sits on an unrealized profit of $5.8 billion on its Bitcoin stash following the recent gain in Bitcoin price to above $80,000, which led to Citi raising the price target for Strategy stock from $136 to $240.

MSTR Stock Prediction as Price Jumps in Pre-Market Trading

MSTR stock price is up by 2.3% in pre-market trading at the time of writing. The shares edged lower on October 8 to close trading at $151.

Following this drop, MSTR stock closed below support at the 200-day EMA, suggesting that the long-term trend is changing into a bearish one.

Closing below this 200-day EMA for three straight days could trigger another bearish move to the 50-day EMA of $137.

The RSI line that is tipping south suggests that the bullish momentum that pushed MSTR stock to a multi-month high above $170 is becoming weak.

However, if the uptrend seen in pre-market trading continues for the rest of the day, MSTR could close above the psychological resistance of $160.