Strategy Sells $333.7M Worth of MSTR Shares to Boost BTC Holdings
Strategy has made significant moves in its Bitcoin holdings, selling 3.46M $MSTR shares for $333.7M and repurchasing $132.2M of $STRC. This transaction allows them to expand their BTC holdings, which now stand at 840,447.
The company's decision is part of a larger trend of institutional investors increasing their Bitcoin reserves. According to the source, the price action on the 4h chart shows that BTC is in a bullish trend, with support from the EMA50 and capped upside by the EMA200.
Additionally, the MACD golden cross at -27.67 reinforces continuation, even as the price tests upper Bollinger resistance at $63591.77 with a neutral RSI of 57.94. This move is seen as accelerating institutional BTC holdings growth and reshaping BTC reserve management across public companies.