Michael Saylor’s Strategy acquired 1,895 BTC between April
28 and May 4, 2025. The company disclosed the purchase in an update released on
May 5. The total cost of the acquisition was $180.3 million, with an average
price of $95,167 per Bitcoin.
Meanwhile, BTCUSD appears to be forming a double bottom on
the H1 chart. The price has been in a downtrend for some time, respecting a
descending trend line. However, it bounced around the 94,000 level earlier
today.
As of writing, it has made another bounce, followed by a
bullish engulfing candle. A break above the 94,800 level could push the price
higher. The bearish trend line remains intact. A breakout above this line may
support a further bullish move.
Strategy’s Bitcoin Holdings Reach 555,450 BTC
This purchase adds to Strategy’s growing Bitcoin holdings.
As of May 4, 2025, the company holds 555,450 BTC in total. The aggregate
purchase price of these holdings is $38.08 billion. The average purchase price
stands at $68,550 per BTC.
💥JUST IN: Michael Saylor’s STRATEGY buys 1,895 Bitcoin for $180.3 million (an average of $95,167 per $BTC) pic.twitter.com/zcp3h8sHvB
— Bitcoin Archive (@BTC_Archive) May 5, 2025
The company said the recent purchases were funded through
proceeds from its 2024 Common ATM and STRK ATM offerings. Strategy noted that
all figures include fees and other associated costs.
You may find it interesting at FinanceMagnates.com: Why
Is Bitcoin Going Up? Saylor Warns: “Only One Country Can Buy 20% of BTC”.
Bitcoin Price Scenarios Forecasted by DeepSeek
DeepSeek AI, a predictive analytics platform, has
contributed to the current Bitcoin debate with its projections for 2025. Using
machine learning, sentiment analysis, and economic data, the platform offers
insights into the future of digital assets.
DeepSeek AI focuses on Bitcoin, the market’s leading
cryptocurrency, and outlines
three potential scenarios for its price in 2025. In the base case, Bitcoin
is expected to trade between $100,000 and $150,000. A bullish
“hyperbitcoinization” phase could push the price to $350,000, while a black
swan scenario may see it reaching $500,000. These predictions reflect optimism
about institutional adoption and the increasing acceptance of blockchain in
global finance.
This article was written by Tareq Sikder at www.financemagnates.com.
Source link
