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- Strategy purchased 535 more BTC, bringing total holdings to 818,869 Bitcoin.
- MSTR stock continues outperforming Bitcoin as bullish leverage rises.
- Ethereum demand indicators are strengthening, but $2,400 remains key resistance.
Strategy, led by Michael Saylor, has deepened its Bitcoin bet again after acquiring an additional 535 BTC worth roughly $43 million. The latest purchase was completed at an average price of $80,340 per Bitcoin, pushing the company’s total holdings to 818,869 BTC.
The firm’s growing Bitcoin treasury is now valued at around $66.2 billion, reinforcing Strategy’s position as the largest corporate holder of the asset. With Bitcoin trading near $80,791 at the time of reporting, the company is sitting on an estimated $4.3 billion in unrealized gains.
The move followed another cryptic social media hint from Saylor days earlier, continuing a pattern that traders have come to watch closely before new purchases are announced.
MSTR Outpaces Bitcoin as Traders Increase Bullish Bets
Strategy’s aggressive Bitcoin accumulation continues to fuel momentum in its stock, MSTR. Shares climbed more than 4% in a single day to nearly $196, while quarterly gains surpassed 50%.
That performance has significantly outpaced Bitcoin itself, which gained close to 20% during the same period. Market analysts increasingly view MSTR as a leveraged Bitcoin proxy, offering amplified exposure to crypto price movements.
Data from Coinglass also showed a sharp rise in MSTR open interest, which surged from around $15 million in February to more than $40 million. The increase suggests traders are opening larger bullish positions as sentiment across the crypto market improves.
Still, the growing use of leverage may increase volatility risks. If Bitcoin reverses sharply, MSTR could face amplified selling pressure and liquidation-driven swings.
Ethereum Demand Rises as Korean Premium Spikes
While Bitcoin treasury activity dominated headlines, Ethereum is also approaching a potentially decisive moment.
Ethereum’s Korean Premium Index jumped sharply over the past 24 hours, signaling stronger regional demand from Asian traders. Historically, rapid increases in the premium have occasionally preceded short-term price rallies.
At the same time, ETH 2.0 deposits surged fourfold, climbing from roughly 250 to 878 deposits. The spike points to rising on-chain participation, though the data carries mixed implications.
On one hand, higher deposits may reflect renewed investor confidence and staking activity. On the other, they could indicate that some holders are preparing to move assets toward exchanges near resistance levels.
Ethereum Faces Key Test at $2,300–$2,400
Ethereum remains locked below a major supply zone between $2,300 and $2,400 — an area that has repeatedly rejected bullish attempts over recent weeks.
Also Read: Michael Saylor Reveals Why Strategy May Sell Bitcoin Despite ‘Never Sell’ Message
For a breakout to materialize, buyers will need to sustain momentum and absorb potential sell pressure created by rising deposits. Without continued demand, another rejection could follow.
For now, both Bitcoin and Ethereum are showing renewed market interest. The next phase, however, will depend on whether bullish momentum can survive growing volatility and critical resistance tests.
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 a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
