Strategy: Raises $2B via Preferred Stock for Bitcoin Buy | Flash News Detail | Blockchain.News
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5/18/2026 2:50:00 PM

Strategy: Raises $2B via Preferred Stock for Bitcoin Buy

Strategy: Raises $2B via Preferred Stock for Bitcoin Buy

Strategy raises $2 billion through preferred stock to buy Bitcoin as BTC trades at $76192.55 with oversold RSI on 4h chart.

Source

Analysis

Strategy moves to issue preferred stock and secure $2 billion dedicated to fresh Bitcoin purchases, extending its aggressive accumulation strategy seen across the last twelve months.

Price sits at $76192.55 on the 4-hour chart, testing lower Bollinger support at $76252.36 while EMA50 at $79105.11 and EMA200 at $77373.3 act as overhead resistance; the RSI(14) reading of 28.71 flashes oversold and the MACD death cross at -824.07 signals exhausted downside momentum, setting up potential relief toward those EMA levels once volatility contracts.


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