Strategy, led by Michael Saylor and known as the world’s largest corporate holder of Bitcoin, has once again demonstrated its commitment to the “buy the dip” strategy. Between May 26 and May 30, the company purchased 705 BTC for a total of $75.1 million, taking advantage of Bitcoin’s temporary drop to around $103,000.
Average Purchase Price: $106,000
In its official report published on June 2, Strategy stated that the purchase was made at an average price of $106,495 per coin. This acquisition took place during a price correction when Bitcoin fell from $110,000 early in the week to a low of $103,400 by the weekend. The move highlights the company’s long-term strategic approach and its effort to capitalize on price volatility in the crypto market.
Total Holdings Surpass 580,000 BTC
With this latest purchase, Strategy’s total Bitcoin holdings have reached 580,955 BTC. These holdings were acquired at a total cost of approximately $40.7 billion, with an average price of $70,023 per coin. This not only reinforces Strategy’s dominant position in the market but also shows the company’s success in increasing its investment yield by buying at strategic levels.
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Bitcoin Technical Analysis
In the 4-hour timeframe, Bitcoin has broken a key trendline, which may signal the start of a broader corrective phase. However, for this bearish scenario to be confirmed, we need a 4-hour candle to close below the critical support level of $101,500. If this occurs, there is potential for the price to drop further toward the $93,000 area.
At the moment, Bitcoin is trading in the $103,000–$102,000 range, where strong demand could emerge and revive the upward trend. Additionally, the overlap with the 200-period moving average in this range may provide a solid support zone. If buyers step in, the price could rally back toward $107,000 in the short term.
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