Strategy: Sells BTC to Repurchase $106M Shares
Strategy sells BTC to fund dividends and $106M preferred share buybacks, lifting STRC 30% to $94 while USD reserves hit $4B.
SourceAnalysis
Strategy sold BTC holdings to pay dividends, repurchase $106M in preferred shares and expand its USD reserve to $4B, sending STRC 30% higher from its June low to $94.
Price action on the 4h chart shows BTC at $64578.9 pressing the upper Bollinger Band at $64861.15 with RSI(14) at 62.2 and MACD confirming a golden cross; the next logical step is a retracement to the EMA50 support at $63857.0 before any further advance. This move aligns with BTC price prediction models that factor corporate treasury flows and highlights how large-scale selling can shape short-term crypto market dynamics.
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