Key Takeaways:
- Strategy acquired 245 more BTC for $26 million, raising total holdings to 592,345 BTC.
- Bitcoin’s price risks falling below $100K amid geopolitical tensions and recent bearish momentum.
- TradingView charts hint at a bullish reversal, but analysts remain cautious ahead of the U.S. market open.
Strategy—the legacy Bitcoin reserve firm formerly known as MicroStrategy and helmed by Bitcoin advocate Michael Saylor—has added another 245 BTC to its reserves, despite looming market volatility.
The latest acquisition, valued at roughly $26 million at an average price of $105,856 per BTC, raises Strategy’s total Bitcoin holdings to 592,345 BTC. The firm has now invested around $41.87 billion, with an average acquisition price of $70,681 per coin.
Bitcoin Price Threatens to Break Below $100K
The new purchase arrives as Bitcoin’s price struggles to maintain the $100,000 psychological level. According to TradingView data, Bitcoin’s 4-hour chart currently signals a potential bullish reversal, but analysts warn that failure to hold $100K could result in sharp downside movement.
Weekend price action showed increased volatility following reports of a fresh U.S. military strike on Iran, which caused an unexpected market dump on Sunday evening. The broader trend remains bearish as geopolitical tensions continue to weigh on risk assets like Bitcoin.
Also Read: Michael Saylor: Bitcoin Could Surge to $180K—Then Crash to $140K as Volatility Shakes Markets
Market Eyes U.S. Stock Market Open for Clues
Traders and institutional investors are closely watching how U.S. equity markets will open on Monday, as cross-market flows could amplify volatility in the crypto sector. If Bitcoin convincingly rebounds above $100K, bulls may regain momentum—but failure could see prices sliding toward key support zones below six figures.
Despite the uncertain short-term outlook, Strategy’s latest buy signals long-term confidence in Bitcoin as a treasury asset, consistent with Michael Saylor’s pro-Bitcoin strategy since 2020.
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!
