Strategy Holds Nasdaq 100 Spot as MSTR Chart Points to $100 Call

Strategy kept its Nasdaq 100 place in the annual reshuffle, and Michael Saylor repeated on X that Bitcoin “hoarding” will continue. Meanwhile, a separate TradingView chart shared on X shows MSTR sliding to about $178, as one trader targets $100 by mid January.

Strategy Keeps Nasdaq 100 Spot as Saylor Repeats Bitcoin “Hoarding” Line

Strategy, the company formerly known as MicroStrategy, kept its place in the Nasdaq 100 after the index’s annual reconstitution, and Executive Chairman Michael Saylor marked the decision with a message on X saying Bitcoin “hoarding” will continue.

The Nasdaq said the reconstitution changes take effect before the market opens on Monday, Dec. 22, 2025. In the same update, the index added Alnylam Pharmaceuticals, Ferrovial, Insmed, Monolithic Power Systems, Seagate Technology, and Western Digital, while Biogen, CDW, GlobalFoundries, Lululemon Athletica, ON Semiconductor, and Trade Desk will leave the benchmark.

Strategy’s continued inclusion kept attention on its business profile. Reuters reported that the firm began as an enterprise software company, then pivoted in 2020 toward buying and holding Bitcoin, which led some market watchers to argue it now resembles an investment vehicle more than a traditional operating tech company.

Ahead of the reconstitution, Reuters also reported that analysts had flagged the risk of passive-fund selling if Strategy lost its slot, while noting the company’s market value still met size requirements for the index.

Separately, Reuters reported that MSCI has been weighing whether to exclude digital-asset-focused companies such as Strategy from some benchmarks, with a decision expected in January.

Trader Flags $100 Target for Strategy Shares as Chart Shows Continued Downtrend

Shares of Strategy, traded under the ticker MSTR, drew fresh attention after a post on X from the account @comic projected a drop toward $100 by mid January, citing a bearish technical setup visible on the daily chart. The post circulated alongside a TradingView chart that shows a steady decline from summer highs near $450, followed by a series of lower highs and lower lows into December.

MSTR Daily Price Chart. Source: TradingView / X

The chart shows MSTR trading near $178 at the time of the snapshot, after a prolonged sell off that accelerated through October and November. Price action formed a narrow upward sloping channel in recent sessions, which technicians often describe as a short term consolidation inside a broader downtrend. Volume bars beneath the chart show heavier activity during the earlier sell off, with more muted turnover during the latest sideways move.

In addition, the broader structure highlights repeated failed rebounds since August, each rolling over below prior resistance zones. The latest consolidation sits well below earlier support levels near $300 and $250, which now act as overhead resistance. As a result, the chart shared in the post frames the recent bounce as corrective rather than a confirmed trend reversal, keeping downside projections in focus as the new year approaches.