Bitcoin Sellers Take Control as Strategy and BitMine Keep Buying

Strategy bought 250 BTC but put most of its fresh capital into repurchasing its STRC preferred stock. BitMine added 12,532 ETH and says it is close to finishing its accumulation program. Bitcoin was rejected at the 50-period EMA on the 4-hour chart and slipped back toward $82,700. Tight Bollinger Bands point to a larger move soon, with $82,240 as the level that decides direction. Strategy disclosed on Monday that it acquired 250 BTC and repurchased $192 million of its STRC preferred stock in the week to October 11, bringing its holdings to 848,250 BTC alongside $5.5 billion in USD assets.