MSTR Stock Latest Updates and MSTRX Purchase Guide

As of September 2, 2025, the price of MSTRX on the Gate exchange is $337.18 (data source: Gate xStocks section). This article will analyze the latest developments of MSTR stocks and provide a step-by-step guide on how to purchase MSTRX using the Gate xStocks section as an example.

MSTR Stock Latest Updates

stock price performance and market expectations

Recently, MSTR stock has experienced some fluctuations. In August, it fell by 16.8%, and most of the premium that the company has long enjoyed compared to its Bitcoin holdings has been erased. As of the end of August, its stock price closed at $334.41.

Nevertheless, several institutions on Wall Street remain optimistic about its prospects. Canaccord Genuity reiterated its "buy" rating on MSTR, with a target price of $464, indicating nearly 40% potential upside. Mizuho even raised its target price to $586, while BTIG and Benchmark are optimistic about its breakthrough of the $700 mark.

"Bitcoin Flywheel Strategy" faces a test

MSTR's core business model is to invest a significant amount of funds on its balance sheet into Bitcoin and use it as its primary fiscal reserve asset. As of August 29, 2025, the company disclosed its Bitcoin holdings to be 632,457 BTC, making it the largest enterprise-level Bitcoin holder in the world.

The company has been raising funds for a long time by issuing stocks and convertible bonds, which are used to purchase more Bitcoin. This model is known as the "Bitcoin flywheel strategy" or "recursive leverage long position."

However, this "flywheel" faced challenges in August. The company previously promised not to issue shares if the Bitcoin holding multiple (mNAV) was below 2.5, but just two weeks later, it relaxed this guideline and issued nearly 900,000 new shares on August 25. This move triggered a crisis of confidence among investors, causing its mNAV premium to drop to 1.57 times.

The Bitcoin bull market is still the core driving force.

The stock price of MSTR is highly correlated with the price of Bitcoin and is regarded as the "shadow stock of Bitcoin." Since Michael Saylor launched the Bitcoin investment strategy in 2020, the company's stock price has increased by approximately 2,350%, significantly higher than the approximately 700% increase in Bitcoin during the same period.

Investors with an optimistic view on Bitcoin believe that the cryptocurrency, which has both safe-haven properties and reserve value, is expected to surge towards $200,000 by the end of the year. If the Bitcoin bull market continues, the stock price of MSTR, as a "leveraged alternative," may also regain upward momentum.

What is MSTRX? Why is it worth paying attention to?

tokenized stocks (xStocks) new paradigm

MSTRX is a tokenized stock product launched by the Swiss compliant asset tokenization platform Backed Finance. Its core mechanism is that a regulated third-party custodian (such as Swiss InCore Bank) holds sufficient underlying MicroStrategy shares as support and issues corresponding tokens on the blockchain (primarily Solana) at a 1:1 ratio.

Each MSTRX token represents the value of a real MicroStrategy stock.

The difference between MSTRX and traditional stocks

| Features | Traditional Stocks (MSTR) | Tokenized Stocks (MSTRX) | | ---------- | ----------------------------- | ------------------------------------------ | | Trading Hours | NASDAQ Exchange Opening Hours | 24/7 All-Day Trading | | Investment Threshold | At least 1 whole share (approximately $337) | Fractional investment (minimum starting at $10) | | Settlement Speed | T+2 Days | On-chain Instant Settlement | | Shareholder Equity | Enjoy voting rights and cash dividends | Only price fluctuation gains, no voting rights, cash dividends not directly applicable |

The advantages and risks of investing in MSTRX

Advantages:

• Global access and flexibility: Breaking the limitations of geography and time, users in regions such as Africa and Asia can invest without a local stock account and support 24/7 trading.
• DeFi integration potential: MSTRX can be transferred to DeFi protocols like Kamino Finance for staking or lending, exploring more on-chain yield strategies.
• High transparency: The custodian bank will publish reserve proofs monthly to ensure a 1:1 correspondence between tokens and stock reserves.
• Flexible strategy: Supports both long and short positions, breaking the traditional stock market's limitation of only being able to "buy up."

Risk:

• Liquidity risk: Aside from popular assets like MSTRX and TSLAx, most tokenized stocks have limited trading volumes, and large transactions may face significant slippage.
• Regulatory uncertainty: The US SEC has not yet recognized the legality of tokenized stocks, and regulatory policies around the world are still evolving, creating uncertainty.
• Technical Risks: Relying on blockchain networks (such as Solana), if the network experiences interruptions or congestion, it may affect the execution of transactions and withdrawals.
• No shareholder rights: Holding MSTRX does not grant shareholder voting rights in MicroStrategy, and the dividend distribution is different from traditional stocks.

Practical Guide: How to Purchase MSTRX in the Gate xStocks Area

Gate exchange will globally launch the xStocks section on July 3, 2025, and is one of the first platforms to support MSTRX trading. Here are the detailed purchasing procedures:

Step 1: Account Registration and Preparation

1. Visit Gate.com and complete the account registration.
2. Complete identity verification (KYC) as required by the platform, which is a necessary step for compliant trading.
3. Make sure there is enough USDT in your account, as the trading pairs in the xStocks area are settled in USDT.

Step 2: Fund Recharge

【Spot】 page. 2. Select USDT and get your deposit address. Gate supports multi-chain deposits, and it is recommended to use the Solana or TRC-20 network to reduce transfer fees.

Step 3: Locate MSTRX trading pair

1. Click on the 【exchange】 in the top navigation bar.
2. Select 【xStocks Zone】 from the dropdown menu.
3. Enter "MSTRX/USDT" in the search box to find the corresponding trading pair.

Step 4: Place Order to Buy

Gate offers two main trading methods:

• Spot trading (directly holding MSTRX tokens)
  • Market Order: Executes immediately at the best current market price, suitable for users looking to quickly open a position.
  • Limit order: Set a purchase price you expect (for example, $330), and it will automatically execute when the market price fluctuates to that level.
• Contract trading (with leverage, high risk)
  • Supports 1 - 10x leverage for long (bullish) or short (bearish) positions.
  • Note: The risks of leveraged trading are extremely high and may result in a total loss of principal; it is only suitable for experienced investors.

Large Transaction Reminder: For users with larger trading volumes, it is recommended to use Gate's [Alpha Zone] to achieve better liquidity and lower slippage.

Summary and Outlook

MSTR, as a unique entity in the "Bitcoin universe," has seen its stock price under short-term pressure and facing the test of premium contraction, but its fate remains deeply tied to the long-term trend of Bitcoin. For investors who are optimistic about Bitcoin's future but seek higher potential returns than directly holding the currency, MSTR and its tokenized product MSTRX offer an appealing choice.

Tokens like xStocks represent an important trend in the integration of traditional finance and decentralized finance (DeFi). They break down the geographical and temporal barriers to investment, granting global investors unprecedented flexibility and access opportunities.

Risk Warning: Investing in MSTRX also involves multiple exposures to Bitcoin price fluctuations, company-specific risks, and the inherent risks of new tokenized products. Please conduct thorough research before investing and make decisions cautiously based on your own risk tolerance. This article does not constitute any investment advice.