The purchase came as Bitcoin traded back within the consolidation band it has occupied for roughly two months, between about $60,000 and $72,000, after a failed attempt to break through and consolidate key resistance at $76,000 last week.
The move continues the public company’s weekly pattern of disclosing its purchases. Over the past few years, it has become the largest corporate holder of digital assets after beginning to rapidly acquire Bitcoin in 2021.
Beyond that recent trade, Strategy also amended its corporate authorizations to support a much larger campaign to amass the market’s leading cryptocurrency.
600,000 More Bitcoin By Year‑End?At current prices near $70,500, the $42 billion program could theoretically fund the purchase of roughly 595,000 additional Bitcoin, which would not only meet but materially exceed the company’s stated 1 million‑coin aspiration by year‑end.
Featured image from OpenArt, chart from TradingView.com
