The legacy Bitcoin reserve firm, Strategy—formerly known as MicroStrategy and led by Bitcoin maxi Michael Saylor—has acquired an additional 245 Bitcoin (BTC) for approximately $26 million at $105,856 per coin.
As per the announcement, the new purchase brings Strategy’s total holding to 592,345 BTC, acquired for approximately $41.87 billion, with each coin costing nearly $70,681.
Notably, the acquisition comes as the cryptocurrency market braces for potential volatility, with Bitcoin’s price teetering near the critical $100,000 mark ahead of Monday’s stock market opening in the U.S.
While looking at the TradingView data, the 4-hour chart highlights a bullish reversal forming, with analysts warning that a failure to hold $100,000 could trigger a sharp decline. Moreover, the unusual dump on Sunday evening—attributed to the recent attack from the U.S. on Iran—has driven the overall bearish trend.
Also Read: Bitcoin to Drop Below $95K This Month? Polymarket Sees 38% Chance
