Strategy: Slashes Cash Reserves 61% for $1.5B Debt Buyback

Strategy cut cash reserves 61% to repurchase $1.5 billion in debt, deploying capital aggressively into its Bitcoin treasury strategy.

Bitcoin sits at $76443.3 inside the Bollinger Bands on the 4h chart. Price tests upper band resistance at $78175.75 while the EMA50 at $77198.43 and EMA200 at $77329.68 form a clear bearish barrier overhead. The MACD death cross at 18.87 keeps trend momentum negative, opening a path toward lower band support at $75375.78 before any sustained recovery. RSI at 45.05 leaves room for further downside without immediate oversold signals.