Strategy's $BTC stack hits 847,363 — bulls still waiting for the "we're back" memo 📄

Strategy has expanded its Bitcoin holdings to 847,363 BTC, acquired at an average price of $75,651 per coin for a total cost of $64.1 billion, according to figures dated 21 June. The latest addition came after the company sold 2.71 million MSTR shares through its at-the-market program between 15 and 21 June, raising $335.5 million in net proceeds. A portion of that capital was used to purchase 520 BTC for $34.9 million, at an average price of $67,068 per Bitcoin. The company's dollar reserves also rose to $1.4 billion.

On-chain indicators, however, have yet to confirm a broader market recovery. Bitcoin's adjusted SOPR remained near the threshold of 1, a level that historically separates profit-taking from loss-realization. Profit-taking activity from long-term holders has also weakened, leaving the metric without clear upside confirmation. Bitcoin's price rebounded to around $64,300, though the move has not yet established a decisive reversal.

Momentum and flow readings remained cautious. The Relative Strength Index sat near 42, recovering from lower levels but still below the bullish zone, while the Chaikin Money Flow registered at -0.02, close to neutral but slightly negative. Capital inflows showed early improvement, though buyers have not established clear dominance in the market. Until conditions firm up, any rebound in Bitcoin remains tentative.