MSTR Tops TSLA, NVDA, GOOG in OI-to-Market Cap as Stock Recovers Above $100

Michael Saylor’s Strategy (MSTR) is currently seeing significant market interest, signaling large positioning in the Bitcoin-linked stock. This comes as the MSTR stock rebounds above the psychological $100 level as Bitcoin rallies following its recent drop to as low as $58,000.

MSTR Stock Tops Mega-Cap Tech Stocks In This Metric

In an X post, Strategy co-founder Michael Saylor highlighted that MSTR stock was well above the mega-cap tech stocks in terms of open interest-to-market-cap ratio. The Strategy stock notably has an open interest-to-market cap ratio of almost 72%, well above Tesla’s, which is 16%.

Which stock is MoST inteResting? $MSTR pic.twitter.com/QhFtCHFyoH

— Michael Saylor (@saylor) July 2, 2026

Furthermore, Meta’s open interest-to-market cap ratio is 11%, while MSFT follows with a ratio of 6.1%. The remaining Mag 7 stocks, NVDA, AMZN, GOOG, and AAPL have ratios of 5.8%, 4.4%, 4.2%, and 3.2%, respectively.

The high open interest-to-market-cap ratio for MSTR signals massive positioning in the stock, though this isn’t necessarily bullish, as these traders could be short the crypto stock. However, this development comes as the Strategy stock rebounds from its recent lows and climbs above $100.

MSTR is currently trading at around $102, up over 9% today, according to TradingView data. The stock is also up over 23% in the last five days from its recent low of around $82. The stock is still down over 33% in the last six months.

The MSTR stock is notably up today as Bitcoin rose above $62,000 on the back of a softer-than-expected jobs report. Other crypto stocks such as COIN, HOOD, MARA, IBIT, and HUT have also recorded notable gains today.

Bitwise CIO Points To Strategy’s Price Action As Sign Of Market Bottom

In his latest memo, Bitwise CIO Matt Hougan said that the MSTR stock trading at a discount to its net asset value would be one of the few signs to watch in the near future as the market anticipates a bottom for Bitcoin. He also cited Strategy’s new digital credit framework under which it could sell up to $1.25 billion BTC.

The Bitwise CIO predicted that institutions will replace Strategy as the largest buyers of Bitcoin. Meanwhile, he opined that the Bitcoin treasury firm is unlikely to sell large sums of BTC, as there is no mechanism to force it to do so.

Hougan also mentioned that the current downtrend in MSTR and STRC is part and parcel of the process as Bitcoin looks to bottom out. “This is a painful but necessary part of the current crypto market cycle, as it is with all cycles,” he said.