TechFlow News, April 28: According to independent analyst Markus Thielen, Strategy (formerly MicroStrategy) currently holds Bitcoin with a cumulative acquisition cost of approximately $62 billion. Despite Bitcoin having traded sideways overall over the past two quarters, the company has continued raising capital in the capital markets and accumulating BTC. Historically, Strategy’s stock price has exhibited a high correlation with Bitcoin’s price—displaying greater elasticity and outperforming Bitcoin more noticeably during bull markets, yet sometimes weakening earlier than Bitcoin when market momentum fades.
Currently, Strategy’s stock price ($169) and Bitcoin’s price ($78,658) have begun to diverge. If historical patterns hold, a subsequent convergence between the two could signal an improvement in Strategy’s relative performance—though the ultimate outcome will still depend on the broader market environment.
