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Is Bitcoin (BTCUSD) Decoupling From Strategy (MSTR)?

  • Bitcoin (BTCUSD) has recently decoupled from the stock market and made new all-time highs while major US indexes have not followed suit.
  • Michael Saylor of Strategy (formerly MicroStrategy) criticized the concept of 'proof of reserves' during the ongoing Bitcoin 2025 conference, sparking doubt in the cryptocurrency community about the company's actual Bitcoin holdings.
  • Strategy's recent purchase of 4,020 BTC at $106,237 per BTC brings its total holdings to 580,250 BTC, positioning the company as one of the top holders of Bitcoin.
  • Despite the historically strong correlation between BTCUSD and MSTR, recent technical signals suggest a potential decoupling between the two assets, with indicators showing divergence in momentum that could lead to separate price trajectories.

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