Crypto
MicroStrategy's Bitcoin Holdings Top 845K BTC with $2.18B Profit
MicroStrategy's Bitcoin holdings have surged to an impressive 845050 BTC after the company acquired an additional 4.6K BTC for approximately $370M, bringing its total investment to $65.91B.
The acquisition cost of $63.73B has resulted in a significant unrealized profit of $2.18B at an average price of $75.4K per coin.
Bitcoin's current trading price stands at $78,024.15, with its Bollinger bands indicating that it is within a bullish structure above the 200-EMA at $70,967.44.
The neutral RSI of 47.65 and the MACD death cross suggest that short-term momentum is contained, with upper-band resistance at $79,705.77 providing an obstacle for any extension higher.