Strategy Tracks Bitcoin's 200-Week Average and Premium

Michael Saylor announced that Strategy is now tracking Bitcoin's 200-week moving average and its premium to that level on the company's public dashboard.

The move comes as Bitcoin hovers near $62,500, a price point where it has historically traded above the 200-week average 92% of the time.

Strategy holds 843,775 BTC purchased for $63.69 billion at an average price of $75,476 per coin, leaving its overall position underwater on a cost-basis view.

Saylor has continued to reject characterizations that recent sales signal a change in strategy, saying the company remains a buyer over any longer time horizon.