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.
SourceAnalysis
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.
Decrypt
@DecryptMediaDelivers cutting-edge news and educational content on cryptocurrency, decentralized finance, and Web3 innovations for a global audience of blockchain enthusiasts.