Strive Continues Bitcoin Accumulation, Reaches 14,557 BTC
- Bitcoin Accumulation: Strive recently acquired 789 BTC at an average cost of approximately $77,890, bringing its total holdings to 14,557 BTC valued at around $1.3 billion, positioning it as the ninth-largest corporate bitcoin holder, reflecting its strategy to increase exposure through capital markets activity.
- Innovative Financing Strategy: Strive raised about $485 million through its Variable Rate Series A Perpetual Preferred Stock, known as SATA, providing a steady capital source for further bitcoin accumulation, while recently increasing the dividend yield to 12.75%, enhancing its appeal to income-focused investors.
- Intensifying Market Competition: Strive's strategy mirrors other bitcoin treasury models but introduces a different risk-return profile through preferred stock, and as more firms adopt similar approaches, competition for capital may intensify, particularly among issuers targeting the same investor base.
- Risk Management Challenges: The model relies on stable demand for high-yield preferred securities, and if investor appetite weakens, Strive's ability to raise capital for additional bitcoin purchases could slow, while a sustained decline in bitcoin prices may pressure asset valuations and the attractiveness of related financial products.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 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 crypto.
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 | 74570.475 | 76662.562 | 78665.825 | 80757.912 | 82761.175 | 84853.262 | 86856.525 |
| Fibonacci | 76662.562 | 78226.986 | 79193.489 | 80757.912 | 82322.336 | 83288.839 | 84853.262 |
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