Strategy added 520 Bitcoin to its corporate treasury for about $35 million, bringing its total holdings to 847,363 BTC. Bitcoin rebounded above $64,000 on the news and a wave of short liquidations, though a cycle momentum indicator remains negative, suggesting the bear-market structure persists.
Bitcoin rebounded above $64,000 after Strategy purchased 520 BTC and a wave of short liquidations swept exchanges, though a closely watched cycle indicator remains below zero.
"The liquidation cascade provided temporary relief, but the broader structure hasn't flipped," Nina Volkov, crypto macro analyst at Edgen, said. "Until the cycle momentum indicator turns positive, rallies are likely to attract sellers."
Strategy added 520 Bitcoin between June 15 and June 21, spending about $35 million at an average price of $67,000 per coin, according to a Monday filing. The company now holds 847,363 BTC, acquired for $64 billion at an average of $75,651 each — a stash valued at roughly $55 billion at current prices. Its USD reserve stood at $1.4 billion as of June 21, up from $1.1 billion a week earlier, providing liquidity for preferred stock dividends and debt interest. The purchase was funded through the company's at-the-market equity program, which raised $335 million from selling 2.7 million Class A shares last week.
Strategy's continued accumulation points to institutional conviction in Bitcoin as a reserve asset, but the persistent negative cycle momentum suggests the broader downtrend from the October 2025 all-time high near $126,000 has yet to reverse. Bitcoin traded at $64,232 as of 08:00 UTC on Monday, down roughly 13% over the past month, with the next major support at $60,000 and resistance at $70,000, according to CoinGecko data. MSTR rose 2.3% to $115.16 in premarket trading.
This article is for informational purposes only and does not constitute investment advice.
