Stocks · US stock · Bitcoin treasury
Strategy perpetual (MSTRUSDT) on QATS Prop
Strategy (MSTRUSDT) is a USDT-margined perpetual future you can trade on QATS Prop TradFi challenges, one of 33 instruments on that line. It is priced from Binance, takes leverage up to 10× on the current plans, trades around the clock and never expires.
Compiled by the QATS team from the live instrument catalogue · checked
MSTRUSDT at a glance
- Symbol
MSTRUSDT, a USDT-margined perpetual future with no expiry- Challenge
- QATS Prop TradFi challenges
- Priced from
- Binance
- Listed on
- Binance and Bybit
- Max leverage
- Up to 10× on the current plans, chosen per order
- Funding
- The exchange’s funding rate, paid or received at its funding times and added to the position’s P&L
- Risk day
- Starts at 17:00 Chicago time, an accounting boundary, not a pause
- Hours
- 24/7; the stock trades 09:30–16:00 New York
What is Strategy?
Strategy: a listed company that exists to hold bitcoin.
Strategy, formerly MicroStrategy, is the largest corporate holder of bitcoin. It raises money by selling shares and debt and uses it to buy more, so each share represents a claim on a growing pile of bitcoin.
The stock moves with bitcoin, usually by more, because the market value of the company trades at a changing premium to the bitcoin it owns. It is, in effect, a leveraged way to trade bitcoin during stock-market hours.
- Listed on
- Nasdaq
- Formerly
- MicroStrategy
- Main asset
- Bitcoin
What moves the price of Strategy?
- Bitcoin
- The value of its holdings is the base of its share price.
- The premium to its holdings
- How much more than its bitcoin the market is willing to pay.
- Its fundraising
- New share and debt sales fund purchases and dilute holders.
- Index and fund flows
- Inclusion decisions by index providers bring or remove buyers.
What do traders watch?
- Bitcoin direction
- Announcements of bitcoin purchases
- Capital-raising announcements
When does MSTRUSDT trade?
The perpetual trades around the clock, but it follows a market that is open 09:30 to 16:00 New York time. Outside those hours, and at weekends, the book is thinner and spreads are wider.
What are the risks of trading Strategy on a prop account?
- The market it follows is closed at weekends. A position held through the weekend meets Monday’s opening price, which can be far from Friday’s close.
- It can fall further than bitcoin when the premium to its holdings shrinks.
- This is a perpetual contract: it has no expiry, and its price can sit slightly above or below the market it follows.
Related instruments
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Frequently asked questions
01Can I trade Strategy with a prop firm?
Yes. Strategy (MSTRUSDT) is on QATS Prop TradFi challenges as a USDT-margined perpetual, priced from Binance. It is listed on Binance and Bybit, has no expiry and trades 24/7.
02What leverage can I use on MSTRUSDT at QATS Prop?
Up to 10× on the current plans. You choose the leverage of each order up to that ceiling; the account’s daily loss limit and maximum loss still apply to the position.
03When can I trade MSTRUSDT?
The perpetual trades around the clock, but it follows a market that is open 09:30 to 16:00 New York time. Outside those hours, and at weekends, the book is thinner and spreads are wider.
Educational content, not investment advice. This page describes what the market is and does not forecast its price. Evaluation and Funded accounts are simulated; Live Funded is real capital by separate review. Which instruments an account can trade is set by its plan and checked on every order.
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