MSTR forms first 'Golden Cross' since 2023 as Strategy keeps buying Bitcoin
- —MSTR's 50-day MA crossed above its 200-day MA for the first time since March 2023
- —After the 2023 golden cross, MSTR gained nearly 700% over the following 12 months
- —Strategy bought back $193 million of STRC and acquired another 267 BTC
- —Bitcoin holdings stand at 848,517 BTC, worth $69.54 billion
Why it matters: The technical signal may draw momentum traders to MSTR, but the setup hinges on bitcoin's price and scrutiny of Strategy's STRC buyback model.
Source: AMBCrypto