The strategy has just announced the purchase of the new Bitcoin brand. Here is how the company’s collection profit mode now looks like.
The strategy made a new acquisition on Bitcoin worth $ 764 million
In new mail On X, Strategy President Michael Celor shared the advertisement related to the latest bitcoin purchase by the company. With this new purchase, the company added another 7,390 BTC to its holdings.
These symbols were bought at a price of about 103,498 dollars per currency or about 764.9 million dollars in total. This is the third acquisition that the company carried out in this month, and it is much larger than the first purchase of $ 180 million, but it is greatly delayed by the purchase of $ 1.34 billion.
After this acquisition, the strategy now has about 576,230 BTC. The company has spent a total of $ 40.18 billion on BTC purchases, which is less than about 69,726 dollars per currency. It is clear that this value is important under the current instant price, and therefore the company’s possessions will be in a noticeable profit.
Community analyst at Cryptoquant Maartunn shared a plan in X mail This explains exactly how much profit strategy is at the present time.
The trend in the unrealized profit/loss held by Strategy over the years | Source: @JA_Maartun on X
As shown in the graph above, the strategy witnessed a naturally achieved height along with the latest increase in the price of encrypted currency. The company’s Bitcoin’s staple is now on a profit of $ 21.1 billion.
From the graph, it is clear that the company’s possessions remained in green since late 2023, as it was not intertwined with any fluctuations that BTC faced during the past year. Of course, if the current BTC Rally will continue, the strategy must maintain green in the short term.
For whether the extent can already maintain it, the indicator that can provide hints around it is the RSI indicator (RSI). The analyst Ali Martinez explained at X mailThe daily value of the scale increased to the recent purchase area.
The trend in the 14-day RSI of BTC during the past year | Source: @ali_charts on X
RSI is a measure mainly that measures the speed and size of changes that occur in the price of any assets during a certain period. In the current case, the period is 14 days.
When the index value is greater than 70, it can be a sign that bitcoin has become exaggerated. On the other hand, it is less than 30 conditions specifically.
As is evident from the graph, the RSI Bitcoin fell from the peak area earlier, but now, it has returned to it. As such, if the indicator is anything that goes through, it is possible that BTC may face disturbances in the coming days.
BTC price
Bitcoin passed as a rotation over the past day, as it witnessed the price of sharp fluctuations in either direction, the last of which reached 105,200 dollars.
Looks like the price of the coin has seen a surge in the past few hours | Source: BTCUSDT on TradingView
Distinctive image from Dall-I, Glassnode.com, Cryptoquant.com
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