
Strategy buys $75M in Bitcoin, shares jump 9.47%
- —Strategy bought $75M in Bitcoin, disclosing 950 BTC
- —Shares rose 9.47% to $168.50 in a single session
- —Daily RSI at 70.9 and hourly at 85.06 signal overbought
- —15-minute MACD crossed bearish, hinting at a pause
Why it matters: The purchase reinforces corporate Bitcoin demand, but overbought RSI levels raise the risk of a technical pullback in Strategy shares.
Source: The Cryptonomist (IT)