MicroStrategy (MSTR) stock rose 3.5% in pre-market trading on November 20, 2025, after the Arizona State Retirement System (ASRS) increased its investment by $15 million. This follows a previous $24 million investment in September 2025. The fund's latest move has sparked interest in MSTR, which is viewed as a potential beneficiary of a Bitcoin price rebound. MSTR's stock is currently priced at $193, within a 52-week range of $181.73 to $543.