Big tech giants like Apple, Microsoft and Google are known for their stability, steady growth, dividends and buybacks making them safe long-term investments.
However, Michael Saylor argues that MicroStrategy (MSTR) is now playing a very different game.
Never missing an opportunity to tease the market, Saylor recently shared data showing how much Open Interest exists compared to the total value of the company.
Source: Michael Saylor/X
MSTR Stock Outpaces Big Giants
For most major tech companies, this ratio remains between 3% and 6%, while even Tesla, known for its volatility, is around 18%.
But MicroStrategy stands out far above its peers with a ratio of 85.8%, meaning traders are betting almost as much money on MSTR as the entire value of the company.
This is very unusual for a software company and shows that traders are mainly using MSTR as a proxy to bet on Bitcoin [BTC].
At this point, MSTR is no longer treated like an ordinary stock, but traded as a high-risk, high-reward financial product linked to digital gold.
With the stock for $134.93, up almost 28% at the time of writing, and with Saylor to cling With over 713,000 Bitcoin, Strategy has become one of the largest tools for Bitcoin exposure on Wall Street.
Meanwhile, BTC was trading at $70,629.81 after rising 1.94% in the past 24 hours, according to CoinMarketCap.
Open interest for MSTR options
That said, the real action is in the options market.
At this moment, mMost bullish bets are between $125 and $150, showing that experienced traders expect the stock to rise, possibly towards $145.
Source: Options Charts
As the price rises, market makers have to buy more shares to hedge, which accelerates the upward movement.
On the other hand, strong support is around $100, where many traders have placed protective bets. This level is widely seen as the lowest reasonable floor for the stock in the near term.
Despite MSTR’s volatility, traders view $100 as the key support line.
Saylor is a pest again
At the same time, Saylor is shaping investor mindsets with his “Orange Dots Matter” tweet.
Source: Michael Saylor/X
Michael Saylor’s post urges investors to look past short-term price fluctuations and focus on Bitcoin’s long-term accumulation. Each “orange dot” on his map marks a purchase that will not sell, reducing the available supply.
While Bitcoin’s troubles have made many major investors nervous, Saylor has taken the opposite approach. He continues to buy when prices drop and now owns over 713,000 BTC worth around $50 billion.
This came after the company reported a massive $17.4 billion loss for the fourth quarter of 2025. At first glance this seems shocking, e.gMost of this loss was on paper.
Final thoughts
- High Open Interest shows that speculation has become central to MSTR’s identity.
- “Orange Dots” symbolize long-term commitment rather than short-term performance.