$BTC
🚨 Strategy’s Bitcoin treasury has crossed a significant psychological threshold 🔥
BTC has returned above its average acquisition price 📢
Bitcoin rallied past $77K, up roughly 20% within 48 hours, placing Strategy’s 840,447 BTC treasury firmly back in the black 👌
Its reported average cost basis sits at approximately $75,385, which means the company is currently sitting on roughly $450M in unrealized YTD gains 👌
The other figure I am monitoring lies beneath the current market price
Glassnode data indicates 3.44M BTC with a realized cost basis between $58K and $67K, including 2.23M BTC accumulated over the preceding 11 weeks ↩️
That accounts for roughly 11% of the total circulating supply concentrated in a zone that could offer substantial support should this rally retrace
Strategy had also disposed of 1,690 BTC earlier this month to finance a $108.6M buyback of its preferred stock ↩️
With BTC now trading above its treasury cost basis, the balance sheet strain informing that decision appears markedly different 👀
The question remains: will $75K establish itself as a new baseline for Strategy and the broader market?
#BitcoinOpenInterestFallsToTwoMonthLow #BitcoinRises23.6%Weekly #SaylorStrategy
$MSTR
🚨 Strategy’s Bitcoin treasury has crossed a significant psychological threshold 🔥
BTC has returned above its average acquisition price 📢
Bitcoin rallied past $77K, up roughly 20% within 48 hours, placing Strategy’s 840,447 BTC treasury firmly back in the black 👌
Its reported average cost basis sits at approximately $75,385, which means the company is currently sitting on roughly $450M in unrealized YTD gains 👌
The other figure I am monitoring lies beneath the current market price
Glassnode data indicates 3.44M BTC with a realized cost basis between $58K and $67K, including 2.23M BTC accumulated over the preceding 11 weeks ↩️
That accounts for roughly 11% of the total circulating supply concentrated in a zone that could offer substantial support should this rally retrace
Strategy had also disposed of 1,690 BTC earlier this month to finance a $108.6M buyback of its preferred stock ↩️
With BTC now trading above its treasury cost basis, the balance sheet strain informing that decision appears markedly different 👀
The question remains: will $75K establish itself as a new baseline for Strategy and the broader market?
#BitcoinOpenInterestFallsToTwoMonthLow #BitcoinRises23.6%Weekly #SaylorStrategy
$MSTR
