Strategy adds 200-week Bitcoin moving-average tracker

Strategy added a live tracker for Bitcoin’s 200-week moving average and a live premium measure to its public dashboard, Michael Saylor announced, noting the price sits near $62,500 and is “almost exactly on the line.” The tool displays the gap between the market price and the 200-week average so shareholders and outside analysts can follow the relationship in real time.

The 200-week moving average is a long-term price average that supporters have used as a historical floor. Strategy’s disclosure notes that Bitcoin has traded above that level about 92% of the time since the measure became available. Earlier this year Bitcoin fell below the 200-week line for the first time since 2022, an episode linked to a jobs report that shifted expectations for Federal Reserve rate cuts; prices have since recovered toward the average.

Saylor flagged the 200-week measure on Strategy’s second-quarter earnings call, calling it a “pretty up-and-to-the-right message” and urging investors to view a test of the level as a buying opportunity rather than a warning sign. Adding the live premium tracker makes that talking point a metric that can be monitored continuously.

Strategy’s holdings affect how the tracker relates to the company’s balance sheet. The firm holds 843,775 BTC acquired for a combined $63.69 billion at an average price of $75,476 per coin. With Bitcoin trading near $62,500, the position is below its aggregate cost basis.

Quarterly filings showed the company moved from a $14 billion profit to an $8.2 billion loss after Saylor sold Bitcoin to fund shareholder distributions for the first time since 2022. In early July Strategy sold 3,588 BTC for about $216 million to finance dividends on its STRC perpetual preferred stock; the company described the sale as financing distributions rather than a shift in long-term conviction. Saylor has rejected reports of a new $5 billion authorization, noting the cited authorization was older and linked to the company’s Digital Credit Capital Framework.

Saylor has continued posting signals of ongoing engagement with Bitcoin on the firm’s acquisition tracker, including a post that read “Bitcoin Drive engaged,” which prompted speculation about further purchases. Market participants have taken a cautious view of price action around the 200-week line, citing softer institutional flows and macro uncertainty ahead of the Federal Reserve’s next policy decision.

Strategy has also added other dashboard metrics, including Net BTC and BTC Hurdle ARR, to provide more data points on its roughly $64 billion Bitcoin position. The new 200-week average tracker gives investors and analysts a continuous reference to one widely watched long-term indicator.