Bitcoin stock Strategy projects rose more than 12% today as the price of bitcoin hit more than 77,000 dollars, extending a volatile week in crypto markets against war and fragile negotiations in the Middle East.
The move added benefits The way it did not happen in April after the company lighting fixtures 1.3 billion “bitcoin profit” is tied and returned to its place, despite the large losses that did not occur from the previous sessions.
Bitcoin pushed through major resistance in the mid-70,000s and traded briefly at $77,000, building on a multi-day squeeze that has forced short sellers to cover. Data from this week showed hundreds of millions of dollars in temporary withdrawals, indicating that traders were caught leaning on the rally as prices rose back to familiar territory.
The latest results of the bitcoin rally come as Iran and the United States show that they are on the mend after weeks of conflict that has rocked global markets. Tehran he said the Strait of Hormuz is now fully open Shipping is under the ban on war linked to the new Israeli-Lebanon agreement, as Washington is reserved for naval blockades until a major peace agreement is reached.
President Donald Trump said the war “has to end soon,” as negotiators sought a second round of talks after the first meeting before a comprehensive deal could be reached.
Top strategic weeks
Earlier this week, Strategy to encourage his previous Bitcoin accumulation methods, buying 13,927 BTC for about $1 billion and bringing the total to 780,897 BTC. The acquisition, which is supported by its STRC at-the-market (ATM) program, represents a purchase price of approximately $71,902 per currency and a net asset value of approximately $59 billion.
The great engine of industry is rising. Between April 6 and April 12 alone, Strategy raised more than $1 billion by selling more than 10 million shares of STRC.
That momentum continued this week, with one trading day making more than $1 billion in volume STRC-100% of its above $100 in value required to open an ATM program. This allowed about $ 796 million in new capital and the possible purchase of more than 10,000 BTC in one day, exceeding daily mining.
The most important metric that shows this speed is “capture,” or the number of qualified sales that are converted into revenue. This has risen from 45% at the beginning of March to 81% last week, reflecting aggressive killings and a strong need for institutions.
Strategy is now driving Bitcoin’s accumulation. Of the 47,435 BTC added to the company’s wealth in March, approximately 44,377 BTC came from Strategy itself.
Shares of Strategic hit a high of $166.85 so far today.
