✨$BTC Price AGAIN Showing Inverse Head and Shoulder Pattern and it is a Reversal Patterns, See On Chart.
Actually, My analysis is Correct again and I'm wishing to this Quarter is Bullish, but somebody guess the Bull Run Rise Again!
Breaking News: Strategy Buys $1.92 Billion Worth of Additional Bitcoin
Strategy continues aggressively stacking sats, acquiring over $1.9 billion worth of additional bitcoin to boost its corporate treasury. The purchase brings the company's total BTC holdings to over 528,000.
The recent buys were funded mostly through issuing $1.2 billion of new MSTR common shares. By buying bitcoin funded via equity, Strategy converts its corporate treasury from dollars into hard assets. The company has pioneered using its balance sheet as a leveraged play on bitcoin’s rise.
Strategy’s average purchase price per bitcoin has also steadily increased to $67,458. This shows Saylor is still willing to pay premium prices to keep stacking sats.
However, the gap between Strategy’s average entry price and bitcoin’s market price has narrowed significantly during this prolonged cool-off. The company may soon be buying BTC below its cost basis if prices continue drifting lower.
Regardless, Strategy remains ultra bullish on bitcoin over the long term. The company expects to benefit from bitcoin’s appreciation over decades against fiat currencies being devalued by inflation.
#Write2Earn! #BTC #MarketPullback #BSCTrendingCoins #SUBROOFFICIAL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See future prediction without any basis , God knows better . Do not predict future , we do not know about ourselves when we will die. Can someone predict when he is going to die.