Slides 4% Amid Bitcoin Sell-Off, but Cup-and-Handle Setup to $5 Intact

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Slides 4% Amid Bitcoin Sell-Off, but Cup-and-Handle Setup to Intact


Token retreats from $3.02 resistance in a volatile August 28–29 session as distribution pressure meets fresh accumulation at $2.85–$2.86 support.

By Shaurya Malwa, CD Analytics

Updated Aug 29, 2025, 5:16 p.m. Published Aug 29, 2025, 2:47 p.m.

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Strategy’s Preferred Shares Form a Bullish Circle Around Bitcoin

Strategy Executive Chairman Michael Saylor standing. (Nikhilesh De/CoinDesk))

Billions raised through STRK, STRF, STRD and STRC cement Strategy’s role as the top corporate Bitcoin proxy in 2025.

What to know:

  • Preferred returns diverge, with STRF up 31%, STRK up 19%, STRC up 8% and STRD down 6%, while MSTR trades at a 1.60x multiple to Bitcoin NAV.
  • Strategy holds 632,457 BTC and accounts for 12% of all U.S. IPO issuance YTD, alongside other standout debuts like Bullish (BLSH) and Circle (CRCL).





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