Strategy Acquires 3,666 Bitcoin in August Amid Price Drop to $112K
Recent Bitcoin Purchase: Michael Saylor's company, Strategy, has acquired 3,081 Bitcoin for $356.9 million, increasing its total holdings to 632,457 BTC, valued at approximately $70 billion.
Funding the Purchase: The acquisition was financed through the sale of shares and preferred stock, generating about $309.9 million from selling 875,301 MSTR shares and additional funds from preferred stock sales.
Monthly Bitcoin Acquisition Trends: In August, Strategy purchased a total of 3,666 BTC, significantly less than previous months (31,466 BTC in July and 17,075 BTC in June), indicating a potential slowdown in acquisitions.
Company's Bitcoin Yield and Future Goals: Strategy's Bitcoin yield reached 25.4%, with plans to increase its 2025 target from 25% to 30%, while year-to-date gains stand at 113,524 BTC.
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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 | 41986.484 | 50993.242 | 61410.484 | 70417.242 | 80834.484 | 89841.242 | 100258.484 |
| Fibonacci | 50993.242 | 58413.21 | 62997.274 | 70417.242 | 77837.21 | 82421.274 | 89841.242 |
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