ShareStrategy Turns to Preferred Stock for Bitcoin Purchases
- Preferred Stock Strategy: ShareStrategy is expanding its use of preferred stock, raising $370 million through common stock sales and $7 million through preferred shares to purchase Bitcoin, pushing total holdings above 714,000 BTC valued at approximately $48 billion, thereby enhancing funding flexibility amid market volatility.
- Stable Income Attraction: The company’s “Stretch” preferred shares offer a variable dividend of 11.25% paid monthly, aimed at attracting institutional investors like pension funds and insurers who prefer predictable returns, thus mitigating the impact of market fluctuations on stock prices.
- Capital Structure Optimization: Preferred shares rank above common stock but below debt in the capital structure, providing steady income and priority on dividends, which helps maintain financial stability during Bitcoin price volatility and reduces refinancing risks.
- Long-Term Growth Confidence: Despite Bitcoin's approximately 50% drop from recent peaks, the company plans to continue purchasing Bitcoin each quarter, demonstrating confidence in the long-term value of this funding model while also strengthening its balance sheet.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 40818.203 | 50409.102 | 60005.013 | 69595.912 | 79191.823 | 88782.722 | 98378.633 |
| Fibonacci | 50409.102 | 57738.463 | 62266.55 | 69595.912 | 76925.273 | 81453.36 | 88782.722 |
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