MSTR ABSORBS 2,486 BTC DESPITE $5.7B UNREALIZED LOSS
Strategy (MSTR) is not capitulating. They just swept another 2,486 $BTC for $168.4M.
The on-chain footprint is massive. Their total supply lock is now 717,131 $BTC
The average cost basis sits at $76,027. With current price at $68,000, they are holding a $5.7B paper loss.
Retail traders flush positions when they are underwater. MSTR does the opposite. They raised $90.5M via common stock and $78.4M via STRC preferred series specifically to bid this dip.
This is pure absorption. A major entity is aggressively buying below their average entry. This removes liquidity from the order books and strengthens the floor.
Structure remains bullish.