Points of Focus

• Strategy added Bitcoin’s 200 week moving average to its dashboard.
• BTC traded near $62,500, below its $63,476 200 week average.
• Strategy’s 843,775 BTC remained below its $75,476 average purchase price.

Strategy has added Bitcoin’s 200-week moving average to its public dashboard as the asset trades below the long-term benchmark, giving shareholders another reference point for tracking the company’s $63.69 billion Bitcoin position.

Michael Saylor announced the update on Aug. 2, saying Bitcoin had traded above its 200-week moving average 92% of the time since the indicator became available. The snapshot shared with his post showed Bitcoin at $63,498, almost level with the 200-week average of $63,476, while Strategy’s dashboard rounded the premium to 0.0%.

We’re now tracking Bitcoin’s 200-week moving average and its premium to that level on https://t.co/uGbtzwJ4Pu. Since the 200W MA became available, Bitcoin has traded above it 92% of the time. Today, it sits almost exactly on the line. pic.twitter.com/7IHrLcIoLI

— Michael Saylor (@saylor) August 2, 2026

Bitcoin’s 200-week average tests long-term support

The indicator tracks Bitcoin’s average weekly closing price across roughly four years, reducing the influence of shorter price swings. Traders follow it because past bear markets often slowed near the line, though it hasn’t acted as an unbroken floor.

Kraken’s July 27 Macro Research report found that periods when Bitcoin closed below its 200-week moving average produced median returns of 113% after 360 days and about 313% after 720 days. The sample came mainly from the 2018–2019 and 2022–2023 cycles, limiting the number of independent market periods behind the results.

The 2022 bear market offers the main counterpoint. Bitcoin remained below the average for extended periods, and the line later acted as resistance during the bottoming process and early recovery. The episode showed that a breach can signal sustained market stress without marking Bitcoin’s final cycle low.

Strategy’s Bitcoin cost basis adds corporate context

Strategy held 843,775 BTC as of July 26, according to its second-quarter filing. The position cost $63.69 billion, or about $75,476 per coin, placing Bitcoin roughly 17% below Strategy’s average acquisition price on Monday.

The new metric gives investors two separate thresholds. The 200-week average measures Bitcoin’s long-term price trend, while Strategy’s acquisition price shows the level needed to restore its holdings to cost.

Strategy also reported an $8.22 billion second-quarter net loss, driven by an $8.32 billion unrealized loss on digital assets. At the July 27 market price of $64,915, the company valued its Bitcoin at $54.77 billion, $8.92 billion below its original cost.