Strategy Acquires 21,021 BTC for $2.474 Billion in Major Institutional Move
- Funding Source: Strategy raised approximately $2.521 billion through the issuance of 28,011,111 shares of STRC preferred stock at $90 per share, with net proceeds of about $2.474 billion successfully allocated for its bitcoin acquisition.
- Bitcoin Acquisition: Between July 28 and August 3, 2025, Strategy acquired 21,021 BTC at an average price of approximately $117,256 per coin, increasing its total holdings to 628,791 BTC with an aggregate cost of $46.08 billion and a blended average purchase price of $73,277.
- Market Reaction: Despite the Fear & Greed Index dropping to 15, indicating extreme fear in the market, Strategy's substantial acquisition underscores institutional confidence in bitcoin, highlighting the divergence between institutional and retail investor sentiment.
- Future Outlook: With Strategy now holding over 628,000 BTC, each significant price movement could translate into billions in unrealized gains or losses on the company's balance sheet, and the market will closely watch the next Form 8-K filing to determine if further bitcoin purchases are planned.
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Technical Analysis for FORM
Technical Sentiment Analysis for Formation Fi (FORM). As of , Formation Fi (FORM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FORM 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, FORM 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 $-.
Formation Fi (FORM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.115 | 0.155 | 0.185 | 0.225 | 0.255 | 0.295 | 0.325 |
| Fibonacci | 0.155 | 0.182 | 0.198 | 0.225 | 0.252 | 0.268 | 0.295 |
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