According to external sources, Strategy continued to buy bitcoin through equity financing. As at 21 June, the company held 847,363 BTCs, with a cumulative cost of approximately $64.1 billion and an average cost of $75,651 per item. Its dollar reserves also rose to $1.4 billion.
The silo continues to expand.
Strategy ' s latest move shows that the company is still selling shares to raise funds and then investing in bitcoin. According to external media, this practice continues its long-term asset allocation thinking and brings renewed market attention to changes in the size of its hold.
Market rehabilitation is still inadequate
According to the article, while the price of bitcoin had recovered to about $64,300 at one time, the rebound was not sufficient to confirm the reversal of the trend. The adjusted SOPR is still in the vicinity of 1, suggesting that the market has not recovered significantly.
The purchase has not yet won.
It is mentioned that the pressure on long-term holders to sell is diminishing, but this does not mean that the market has become stronger. RSI is approximately 42, and the CMF is close to neutral but still -0.02, indicating an improvement in the flow of funds and that the buyer ' s advantage is not clear.