Michael Saylor’s Strategy just dropped $90 million on Bitcoin, buying 1,142 BTC at nearly $79,000 each — even as Bitcoin was crashing below that level all week and briefly touched $60,000.
The move pushes Strategy’s massive stash to 714,644 BTC, worth over $54 billion. But here’s the twist: the buy didn’t lower their average price at all. In fact, Strategy paid above its own cost basis.
Bitcoin has stayed under $72,000 since, fueling jokes online that Saylor refuses to buy “too cheap” to avoid ugly paper losses.
Strategy’s stock rode the chaos. Shares plunged to $107, then ripped 26% higher to around $135 as crypto bounced.
The dip didn’t get continuation and bids stepped in quickly, which looks more like absorption than distribution. Sellers lost momentum after the flush and price is stabilizing. As long as this area holds, continuation higher is the cleaner path.
The dip didn’t get continuation and bids showed up quickly, pointing to absorption rather than distribution. Sellers failed to press lower and downside momentum stalled. As long as this base holds, upside continuation is favored.
The selloff lost momentum quickly and bids showed up right at the lows, signaling absorption rather than continuation. Sellers failed to press further and structure is holding for now. As long as this base holds, upside continuation is favored.
The dip failed to follow through and buyers stepped in aggressively, signaling absorption at the lows. Selling pressure is fading and downside momentum stalled. As long as this base holds, continuation higher remains the cleaner path.
The push higher stalled quickly and sell pressure showed up on the first test, suggesting this move is corrective rather than a trend shift. Momentum is rolling over and buyers aren’t getting acceptance above this zone, keeping downside continuation in play.
The push higher stalled quickly and sell pressure showed up on the first test, suggesting this move is corrective rather than a trend shift. Momentum is rolling over again and buyers aren’t getting acceptance above this zone, keeping downside continuation in play.
The dip failed to get continuation and selling pressure is drying up at the lows. Buyers are absorbing supply and structure is holding despite heavy damage. As long as this base stays intact, a relief push higher remains the higher-probability move.
The push higher stalled quickly and sell pressure showed up on the first test, suggesting this move is corrective rather than a trend shift. Momentum is rolling over again and buyers aren’t getting acceptance above this zone, keeping downside continuation in play.
The dip didn’t get continuation and bids stepped in quickly, which looks more like absorption than distribution. Buyers are still defending structure and downside momentum failed to expand. As long as this area holds, continuation higher remains the cleaner path.
The push higher stalled quickly and sell pressure showed up on the first test, suggesting this move is corrective rather than a trend shift. Momentum is rolling over again and buyers aren’t getting acceptance above this zone, keeping downside continuation in play.
The push higher stalled quickly and sell pressure showed up on the first test, suggesting this move is corrective rather than a trend shift. Momentum is rolling over again and buyers aren’t getting acceptance above this zone, keeping downside continuation in play.
The push higher stalled quickly and sell pressure showed up on the first test, suggesting this move is corrective rather than a trend shift. Momentum is rolling over again and buyers aren’t getting acceptance above this zone, keeping downside continuation in play.
The push higher stalled quickly and sell pressure showed up on the first test, suggesting this move is corrective rather than a trend shift. Momentum is rolling over again and buyers aren’t getting acceptance above this zone, keeping downside continuation in play.
The push higher stalled quickly and sell pressure showed up on the first test, suggesting this move is corrective rather than a trend shift. Momentum is rolling over again and buyers aren’t getting acceptance above this zone, keeping downside continuation in play.
The push higher stalled quickly and sell pressure showed up on the first test, suggesting this move is corrective rather than a trend shift. Momentum is rolling over again and buyers aren’t getting acceptance above this zone, keeping downside continuation in play.
The push higher stalled quickly and sell pressure showed up on the first test, suggesting this move is corrective rather than a trend shift. Momentum is rolling over and buyers aren’t getting acceptance above this zone, keeping downside continuation in play.
The push higher stalled quickly and sell pressure showed up on the first test, suggesting this move is corrective rather than a trend shift. Momentum is rolling over and buyers aren’t getting acceptance above this zone, keeping downside continuation in play.