Strategy adds $180 million in Bitcoin with Price Testing Key Resistance at $95K
Last week, strategy bought 1,895 BTC for $180.3 million, therefore increasing its overall holdings to 553,555 BTC at a $68,478 average cost.
Last week, Spot Bitcoin ETFs attracted $1.8 billion in net inflows, which would encourage positive attitude before the Federal Reserve's rate announcement.
Recent business records show that strategy has bought 1,895 BTC, spending $180.3 million last week at an average purchase price of $95, 167 for BTC.
Based on current values, this takes the total Bitcoin balance to 553,555 BTC, now worth at nearly $52.16 billion.
Now trading close to $94,135, Bitcoin is down somewhat from recent highs over $97,000 as traders process macroeconomic uncertainties mixed with ETF-driven inflows.
With an average dollar-cost average (DCA) of $68,478.47 per BTC, the company has a noteworthy unrealized gain right now. From its aggregate cost base, Bitcoin still shows 37.61% all-time, so the company's BTC allocation keeps driving long-term net asset value (NAV) increase.
With the stock of strategy (MSTR) at $394.37, the company has a market value of $107.82 billion.
Based on 253.76 million outstanding shares, this shows a NAV premium of 2.07x and estimates NAV per share at $205.56 right now.
Technical charts show that $98,000 is still the instantaneous obstacle Bitcoin has to turn into support if it is to steadily rise beyond $100,000. Still, the daily close above $95,000 remains the short-term focus, lost on May 4 under pressure on profit-taking.
Should bulls recover power and BTC closes over $95,000, momentum may turn back in favor of buyers. Data from Farside Investors shows that ongoing demand from spot Bitcoin ETFs—which had $1.8 billion in net inflows last week—could serve as one possible driver.
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