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- Strategy purchased another 535 BTC worth $43 million after briefly pausing acquisitions.
- XRP trading volume jumped sharply as analysts targeted a possible move toward $1.80.
- ETF inflows and whale accumulation trends continue supporting bullish crypto sentiment.
Strategy has restarted its Bitcoin acquisition campaign, while XRP is drawing fresh market attention after a sharp spike in trading activity. Together, the developments highlight how institutional positioning and trader sentiment continue to shape the broader crypto market during a critical macroeconomic week.
Strategy Adds More Bitcoin After Brief Pause
Executive Chairman Michael Saylor confirmed Monday that Strategy purchased 535 BTC worth roughly $43 million. The company acquired the Bitcoin at an average price of around $80,340 per coin, ending a short pause in purchases that came ahead of its May earnings report.
The latest acquisition pushes Strategy’s total holdings to nearly 819,000 BTC, reinforcing its position as the largest corporate Bitcoin holder globally. The company’s Bitcoin reserve is now valued at more than $66 billion based on current market prices.
The purchase appears tied to proceeds from the firm’s recent at-the-market stock offering. Strategy disclosed last week that it raised approximately $82 million through stock sales, capital that analysts expected would eventually flow into additional Bitcoin purchases.
Still, the pace of buying has slowed sharply compared with earlier acquisitions. In late April, the company purchased $255 million worth of Bitcoin, far below the massive $2.54 billion buy announced days earlier. The latest $43 million allocation signals a more cautious approach despite Saylor’s continued long-term bullish stance on Bitcoin.
XRP Volume Explosion Sparks Breakout Talk
At the same time, XRP trading volume surged dramatically as traders focused on the token’s movement near the critical $1.45 resistance level.
Several crypto analysts believe a confirmed move above that price could trigger a broader rally. Market watcher Ali Martinez said XRP’s symmetrical triangle pattern suggests momentum is building toward a possible breakout, with $1.80 emerging as the next major target.
Another analyst, Dom, also emphasized that sustained trading above $1.45 could accelerate bullish momentum quickly.
Technical charts show additional resistance zones around $1.80 and $2.10 if buying pressure continues to strengthen.
ETF Inflows and Whale Data Support Bullish Case
Investor sentiment around XRP has also improved following rising inflows into XRP-focused exchange-traded products. Recent digital asset fund data showed nearly $40 million entering XRP investment products last week.
On-chain indicators further suggest that major holders are not aggressively selling. Whale inflows to exchanges have reportedly dropped to multi-year lows, while buy-sell ratios indicate buyers are gradually gaining control of the market.
However, analysts caution that traders remain sensitive to upcoming US inflation data, including CPI and PPI releases, which could influence short-term crypto volatility.
Also Read: XRP ETF Approval Near? BlackRock Signals Spark Major Market Buzz
Strategy’s renewed Bitcoin purchases and XRP’s growing breakout momentum reflect two different but connected market narratives: institutional conviction and speculative trader optimism. While Strategy continues steadily expanding its BTC reserves, XRP traders are watching closely for confirmation that the token can finally push beyond a long-standing resistance zone.
If macro conditions remain supportive, both Bitcoin and XRP could see increased momentum in the weeks ahead.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
