Bitcoin News Today: Strategy Adds 430 BTC at $119,666 as Bitcoin Hits All-Time High of $124,000

Strategy added $51.4 million in Bitcoin (BTC) during the week ending Sunday, with the purchase of 430 BTC at an average price of $119,666 per coin [1]. This acquisition was made as the price of Bitcoin surged to a new all-time high of $124,000 before retreating sharply over the following days. The move was disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on Monday, highlighting continued institutional confidence in the cryptocurrency despite its recent volatility [1].

The timing of the purchase reflects Bitcoin’s extreme price swings, with the asset trading at around $120,000 on Monday and falling as low as $115,000 by Sunday [1]. Strategy’s co-founder, Michael Saylor, commented on the volatility on social media, stating that “volatility is a gift to the faithful” [1]. His remarks underscore the firm’s long-term bullish stance on Bitcoin, even as short-term price movements remain unpredictable.

Strategy’s latest purchase increases its total Bitcoin holdings to 629,376 BTC, with the company having invested approximately $46.15 billion in the digital asset at an average price of $73,320 per coin [1]. Saylor previously noted that the firm’s Bitcoin portfolio reached an all-time high valuation of $77.2 billion during the recent price surge [1]. The firm’s ongoing accumulation of BTC demonstrates a strategic bet on the asset’s long-term value, even amid short-term market corrections.

The investment occurred just before a notable price dip, raising questions about market sentiment and investor behavior. While the $51.4 million addition represents a significant capital inflow into Bitcoin, the subsequent sell-off may have been driven by short-term traders taking profits after the rally [1]. This pattern is not uncommon in the cryptocurrency market, particularly as investors brace for the anticipated Bitcoin halving event in late 2025 [1].

Despite the recent correction, Bitcoin remains a focal point for both retail and institutional investors. The digital asset’s ability to recover from sharp dips will depend on a range of factors, including macroeconomic conditions, regulatory developments, and broader market sentiment [1]. Analysts have not yet reached a consensus on Bitcoin’s near-term price trajectory, with some suggesting that the current dip could present a buying opportunity for long-term investors [1].

Strategy’s continued investment in Bitcoin highlights the asset’s growing role as a hedge against financial uncertainty in an evolving macroeconomic landscape [1]. The firm’s actions reflect a broader trend of institutional adoption and strategic positioning, particularly at key price levels that historically attract attention from market participants.

Source: [1] Backroom Price: ROOM Live Price Chart, Market Cap & ... (https://www.coingecko.com/en/coins/backroom)