The post Strategy Acquires an Additional 21,021 BTC for $2.46 Billion appeared on BitcoinEthereumNews.com.
Strategy acquired 21,021 BTC for $2.46B, raising its holdings to 628,791 BTC. Bitcoin is consolidating just below $120K amid a cooling-off phase. Twenty One Capital increased its treasury to 43,500 BTC. Enterprise analytics firm Strategy (formerly MicroStrategy) has made another substantial purchase, acquiring 21,021 BTC for approximately $2.46 billion. The purchase, made at an average price of $117,256 per coin, brings Strategy’s total Bitcoin holdings to now 628,791 BTC, currently valued at $74.26 billion. The firm’s unrealized profit on its holdings now stands at $28.18 billion, according to the on-chain analytics platform Lookonchain. This relentless buying continues as Bitcoin consolidates just below the psychological $120,000 level. “Muted†market helping the accumulation According to on-chain analyst Crypto Dan, the current market is transitioning out of a short-term overheating phase. Analyzing the holdings of short-term traders (those holding for 1 day to 1 week), Dan noted that the recent “overheated†condition is milder than similar phases that preceded previous corrections in March–October 2024 and January–April 2025. Dan predicted that investors could see a milder and shorter consolidation, advising market participants to “look forward to a potential uptrend in the second half of 2025.†This environment of lower selling pressure from short-term players makes it easier for large institutional buyers like Strategy to continue accumulating. Related: Bitcoin Transparency Push: Jack Mallers’ Twenty One Capital Opens Books with Proof-of-Reserves Bitcoin Price Analysis: Momentum Slows but Structure Holds As per the daily chart below, Bitcoin is currently exhibiting signs of consolidation with the price hovering near the middle band (20-day SMA) around $118,290, showing a slight retracement from recent highs. However, the upper and lower bands are not diverging rapidly, suggesting a period of sideways movement rather than a deep correction. Also, the MACD line is crossing below the signal line, with the histogram turning…
