MicroStrategy: Adds 520 BTC, USD Reserves Reach $1.4B

MicroStrategy lifted its USD reserves by $300 million to $1.4 billion while purchasing 520 BTC for $35 million, bringing its Bitcoin holdings to 847,363 coins. Both $MSTR common stock and $STRC preferred shares traded higher in pre-market action on the announcement.

Price action on the 4h chart shows BTC at $65111 testing upper Bollinger resistance at $65094.24 with RSI(14) at 60.56 and MACD confirming a bullish golden cross. The 50-EMA at $64189.46 now serves as the key support level that must hold for continuation higher, while the 200-EMA at $68432.49 caps upside in the near term.