Bitcoin surges 5% to $105,215 as Strategy buys 245 more BTC

Bitcoin has recently surged by 5%, rising from $100,750 to nearly $105,780, and is currently holding steady around $105,215. This significant jump has brought renewed energy to the crypto market.

In response to this surge, Michael Saylor, the executive chairman of Strategy, shared a cryptic tweet that has sparked curiosity across the crypto space. Saylor posted an AI-generated image of himself at Land’s End, a well-known coastal spot in the U.K., wearing his signature orange tie and standing by a black car. The caption simply read, “Meet me at Land’s End.”

While the message is brief, it feels symbolic. Land’s End is known for its sweeping views and rugged cliffs, suggesting a place to take in the broader perspective. This could be Saylor’s subtle way of encouraging Bitcoin holders to think long-term and not panic over short-term market fluctuations. The post came just after Bitcoin’s rally, which is likely linked to easing tensions in the Middle East. This move aligns with Saylor’s consistent message: hold onto Bitcoin, as it is digital gold built to weather storms.

Adding weight to Saylor’s message, Strategy revealed it had bought another 245 BTC this Monday, spending around $26 million. This brings the company’s total holdings to a massive 592,345 BTC, worth about $62.28 billion at current prices. This follows last week’s huge buy of 10,100 BTC for $1 billion. With each purchase, Strategy is cementing its position as one of the biggest institutional holders of Bitcoin. It also reflects Saylor’s strong belief that Bitcoin will continue to outperform in the long run, regardless of short-term market noise or global events.

The recent price surge shows just how quickly Bitcoin can react to global developments. As military tensions cool in the Middle East, investor confidence appears to be returning. Bitcoin’s quick bounce back has sparked talk of a potential new rally. With Saylor doubling down and Strategy continuing to stack, the message is clear: the bulls are not backing off. The crypto crowd is now watching closely to see if Bitcoin can build on this momentum in the days ahead.