Strategy Shares Close $0.68 Short of Golden Cross After 9.56% Drop

Strategy Inc. (MSTR) finished Friday with its 50-day share-price average $0.68 below its 200-day average, leaving a golden cross unformed after the stock’s 9.56% decline.

At the 4 p.m. ET (20:00 UTC) close, the 50-day average stood at $134.92 and the 200-day average at $135.60. Strategy shares closed at $136.83.

A golden cross forms when the shorter moving average rises above the longer one. Although Strategy’s closing share price was above both averages, the averages themselves had not crossed. The $0.68 gap was between those two measures, rather than between the share price and either average.

Bitcoin (BTC) completed a crossover of its 50-day and 200-day averages on Sept. 8. It closed at $78,455.80 that day.

Strategy held 848,250 BTC as of Oct. 11, following a purchase of 250 BTC during the preceding week. Common-share sales provided $21.0 million for those purchases, while $0.5 million came from cash.

Monday’s closing averages will provide the next end-of-day reading on whether Strategy’s 50-day measure has moved above its 200-day measure.