BTC News: Michael Saylor Expands Bitcoin Stack as Price Nears $120k Again

Date:

Share post:

spot_img

Michael Saylor’s Strategy Inc. buys 390 BTC worth $43M, raising total holdings to 640,808 BTC as Bitcoin tops $115K.

 

Michael Saylor’s firm, Strategy, has added 390 BTC to its holdings, bringing its total to 640,808 BTC. The purchase, valued at $43 million, comes as Bitcoin continues its upward momentum, approaching $120,000.

As Bitcoin strengthens, Strategy remains committed to its Bitcoin accumulation strategy, reinforcing its position as the largest corporate holder of BTC.

Strategy Continues Bitcoin Accumulation

Strategy confirmed the purchase through a press release, reinforcing its position as the largest corporate holder of Bitcoin globally.

The company acquired 390 BTC at an average price of $114,562 per coin, pushing its total BTC portfolio beyond $47 billion in value. This new addition also brings the firm’s average cost per Bitcoin to $74,032.

Michael Saylor hinted at the new purchase on X, posting Strategy’s Bitcoin tracker with the caption “It’s Orange Dot Day.” This marks the third straight week of accumulation following a brief pause earlier in the month.

Between October 20 and 26, the company purchased 168 BTC for $18.8 million, showing a consistent buying pattern amid the market’s strength.

According to filings with the U.S. Securities and Exchange Commission (SEC), Strategy financed the latest purchase through the sale of STRF, STRK, and STRD share classes. This raised about $44.7 million in liquidity without selling any MSTR shares.

The firm also reported a year-to-date Bitcoin yield of 26%, reflecting the asset’s strong performance throughout 2025.

Bitcoin Price Surge Reflects Broader Market Momentum

Bitcoin has seen a consistent rise, reaching $116,000 in recent days. The price surge comes amid positive sentiment in the broader cryptocurrency market, driven by ongoing institutional interest and market recovery.

Moeover, the cryptocurrency has been in the green for several consecutive days, showing signs of sustained upward momentum.

The rise in Bitcoin’s price aligns with the firm’s decision to continue its BTC accumulation. As BTC approaches $120,000, analysts are closely watching its performance to see if it can maintain this upward trajectory.

The current market conditions suggest that further price gains could be possible, especially with continued institutional investment.

Strategy’s Role in the Broader Economic Landscape

As Bitcoin’s price rises, the crypto market braces for an important economic week. The upcoming Federal Open Market Committee (FOMC) meeting is expected to influence investor sentiment, with traders predicting potential interest rate cuts. 

In addition, the U.S.-China trade talks are expected to shape global market sentiment, further affecting crypto markets.

Strategy’s continued Bitcoin purchases come amid these economic developments, which could impact market dynamics. While Bitcoin’s price increase is seen as a positive development, broader economic factors, such as potential rate cuts and trade negotiations, could play a role in shaping investor behavior in the coming days.

Strategy’s consistent BTC buying, combined with the broader market momentum, positions the firm for continued success as Bitcoin’s price nears new highs.

The post BTC News: Michael Saylor Expands Bitcoin Stack as Price Nears $120k Again appeared first on Live Bitcoin News.

Earn up to 600% APY with Elevon

Create your token with Universal Token Generator

Leave a reply

Please enter your comment!
Please enter your name here

spot_img

Related articles

First Solana ETFs approved: bulls regain control with eyes on $230

Solana ETFs’ launch has boosted institutional interest and market optimism. Bulls target $230 as SOL holds strong above the...

Chainlink expands into $240B property tokenization with Balcony; check price forecast

Chainlink (LINK) price hovers at $18.50 as cryptocurrencies eye gains. Big news as Chainlink and Balcony team up to...

First Hedera and Litecoin ETFs approved: HBAR and LTC prices take off

Canary Capital’s HBAR and LTC ETFs approved for launch on Nasdaq. The ETF approvals have sparked bullish momentum for...

Citigroup and Coinbase partner to expand digital-asset payment capabilities

Citigroup teams up with Coinbase to simplify crypto-to-fiat payments for corporate clients. Citi plans to integrate stablecoin payments, boosting...