MicroStrategy’s $67,710 Bitcoin Buy Lowers Cost Basis by $25 but Stock Drops 4%
MicroStrategy purchased 2,486 Bitcoin at an average price of $67,710, boosting its holdings to 717,131 BTC and trimming its cost basis from $76,052 to $76,027 per coin. Despite this $25 reduction, the company’s stock dropped nearly 4% and its Chaikin Money Flow and RSI indicators signal weakening investor support.
1. Purchase Details and Cost Basis Improvement
MicroStrategy acquired 2,486 Bitcoin at an average cost of $67,710 per coin, raising total holdings to 717,131 BTC and reducing its overall cost basis from $76,052 to $76,027 per coin, a $25 decrease.
2. Immediate Stock Performance
Shares of MicroStrategy declined nearly 4% post-President’s Day as renewed selling pressure outweighed the marginal cost basis reduction, reflecting investor concerns over the company’s high average Bitcoin cost.
3. Market Indicator Warnings
The Chaikin Money Flow has fallen to near-zero, indicating weakening capital inflows from large investors, while a hidden bearish divergence on the RSI signals fading momentum and potential for further downside.