Strategy: Buys 4603 Bitcoin for $370M
Strategy acquires 4,603 BTC for $370M after 10 weeks, funded by $602.8M MSTR sales, now holding 845,050 Bitcoin at $75,412 average with $2.61B unrealized profit.
SourceAnalysis
Strategy purchased 4,603 BTC for $370M in its first acquisition in 10 weeks, financed by $602.8M net proceeds from MSTR share sales.
The firm now controls 845,050 Bitcoin at an average cost of $75,412, generating $2.61B in unrealized profit.
Bitcoin trades at $78,025.23 inside the Bollinger bands, with upper resistance at $79,705.78. The neutral RSI at 47.67 and MACD death cross at -66.72 contrast with the bullish EMA structure, where the 50-period average at $77,340.35 acts as concrete support and the 200-period at $70,967.45 anchors the longer-term trend. This setup points to a probable test of the lower band near $76,843.14 before any sustained move higher, shaping near-term BTC price prediction and Bitcoin accumulation strategy for institutional crypto holdings.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.
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