Strategic Investment Expands Bitcoin Holdings by $180 Million as Price Approaches Key Resistance Level at $95K
In a bold move last week, the strategy acquired 1,895 BTC, investing $180.3 million and bringing its total holdings to an impressive 553,555 BTC. With an average cost of $68,478 per BTC, this recent purchase has strengthened its position in the leading cryptocurrency, further elevating the overall investment to a current value of approximately $52.16 billion.
Simultaneously, Bitcoin exchange-traded funds (ETFs) continue to attract significant capital inflows, with $1.8 billion in net investments last week alone. This surge in ETF activity is fueling positive sentiment in the market as traders await the Federal Reserve's upcoming rate decision. Despite Bitcoin’s slight dip to $94,135 after reaching highs near $97,000, the market remains optimistic, supported by sustained ETF demand and growing institutional interest.