Strategy Pref A 8.00% Experiences Bollinger Bands Narrowing, KDJ Death Cross on 15min Chart

According to the 15-minute chart of Strategy Pref A 8.00%, the Bollinger Bands have recently narrowed, indicating a decrease in the magnitude of stock price fluctuations. Additionally, the KDJ Death Cross has been triggered, suggesting a shift in the momentum of the stock price towards the downside and potentially leading to further decreases.

Strategy, a prominent cryptocurrency investment firm, has continued its aggressive acquisition strategy by purchasing an additional 3,081 bitcoins (BTC) for $356.9 million. This latest purchase brings the firm's total holdings to 632,457 BTC, valued at over $70 billion at current market prices [1]. The funds were raised through the sale of shares, including preferred shares offering fixed dividends, allowing Strategy to accumulate BTC continuously.

The acquisition occurred during a short-term price dip, with BTC trading as low as $112,000, enabling Strategy to purchase BTC at an average price of $115,829 per coin [2]. This strategic move aligns with Strategy's long-term bullish stance on BTC, as reflected in Executive Chairman Michael Saylor's recent statement that "Bitcoin is on sale" [1].

Analysts note that Strategy's 60% premium to its net asset value (NAV) allows the firm to fund purchases while maintaining a relatively low debt profile. The firm's market capitalization of approximately $112 billion against $70 billion in BTC holdings indicates a 1.6x market-to-NAV multiple, or about a 60% premium to the value of its BTC stash [1].

In addition to the recent market developments, technical indicators suggest a potential shift in Strategy's stock price. According to the 15-minute chart of Strategy Pref A 8.00%, the Bollinger Bands have narrowed, indicating a decrease in the magnitude of stock price fluctuations. The KDJ Death Cross has also been triggered, suggesting a shift in the momentum of the stock price towards the downside and potentially leading to further decreases [3].

These technical indicators, combined with the firm's recent BTC acquisition, highlight Strategy's strategic approach to cryptocurrency investment. The firm's focus on accumulating BTC during periods of perceived undervaluation and its long-term bullish stance on the asset are likely to influence broader institutional sentiment towards BTC [1].

As the market continues to evolve, Strategy's actions reflect a long-term, strategic view of BTC as a store of value and a means of portfolio diversification. The firm's transparency in disclosing these purchases, as required by SEC regulations, is expected to continue shaping investor perception and institutional adoption of digital assets [1].

References:
[1] The Block, https://www.theblock.co/post/368086/strategy-buys-more-bitcoin
[2] Cointelegraph, https://cointelegraph.com/news/strategy-buys-357-million-bitcoin-btc-price-drops-112k
[3] Strategy Pref A 8.00% 15-minute chart, July 02, 2025