Bitcoin: Michael Saylor reveals Strategy's $64B BTC buys started with a $250M market-moving purchase now irrelevant on the balance sheet amid neutral RSI at $59960.5.

Strategy: Pauses STRC issuance after June 26 and reduces Bitcoin purchases as Treasury yields rise, ending its role as 2026's key marginal BTC buyer.

According to QCPgroup, the medium-term setup for Bitcoin appears increasingly bullish as US regulatory pressures ease, spot Bitcoin ETF flows remain stable, and a $2.1 billion preferred stock issuance dedicated to BTC purchases by Strategy further supports the market. These factors contribute to strong momentum, underpinned by a robust structural foundation, suggesting sustained buying interest and potential price appreciation. Source: QCPgroup on Twitter (May 23, 2025).