MicroStrategy: Sells $2.01B MSTR Shares for BTC Cash
MicroStrategy sold 18.26M MSTR shares for $2.01B with $1.57B to cash reserves for future BTC buys as price holds $78714.36 on 4h chart.
SourceAnalysis
MicroStrategy sold 18.26 million MSTR shares raising $2.01B, parking $1.57B in USD cash to fund additional BTC purchases while holding its existing stack unchanged last week.
Bitcoin trades at $78714.36 inside a bullish structure above the EMA50 at $72603.11 and EMA200 at $67079.04, yet price now tests the upper Bollinger Band resistance at $78707.53 with RSI(14) at 72.2 overbought and MACD showing a death cross, pointing to a probable retracement toward the 50-EMA support before any continuation higher in the Bitcoin accumulation strategy.
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