Strategy, led by Chairman Michael Saylor, continues its aggressive Bitcoin accumulation strategy, purchasing 1,142 BTC for $90 million at an average price of $78,815 per coin. This acquisition brings the company's total Bitcoin holdings to 714,644 BTC, valued at approximately $49.36 billion at current market prices. Despite a $5.1 billion unrealized loss, Saylor confirmed the firm will persist in quarterly Bitcoin purchases, underscoring confidence in Bitcoin's long-term value.
Technical indicators suggest potential strength in Bitcoin's market. The 1-month MACD has crossed above multi-year downtrend support, a signal historically associated with periods of relative strength. Additionally, Bitcoin's price is nearing its four-year SMA, a level often marking the end of bear markets. Strategy's stock rose 9% following the latest Bitcoin purchase, reflecting investor confidence in the firm's strategy despite market volatility.
Strategy Maintains Bitcoin Accumulation Despite $5B Unrealized Loss
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