Strategy Acquires 130 BTC for $10.7 Million Ahead of FOMC Meeting

Strategy has acquired an additional 130 BTC, marking its smallest purchase to date. This acquisition cost approximately $10.7 million at an average price of $82,981 per BTC, funded through the sale of 123,000 shares of preferred stock (STRK).

The company's total BTC holdings now stand at 499,226, valued at $33.1 billion with an average cost of $66,360 per token, yielding a 20% profit despite recent price drops.

FOMC Meeting Insights

• The Federal Open Market Committee (FOMC) meeting is scheduled for March 19, deemed critical for financial markets.
• Polymarket indicates a 100% probability that the Fed will end Quantitative Tightening before May.
• President Donald Trump proposed refinancing US debt at lower interest rates, possibly leading to an economic slowdown.
• The Bank of Japan's interest rate decision on March 18 could also influence Bitcoin prices.
• Recent inflation indicators show declines, supporting potential Fed rate cuts in June or July.

Bitcoin Price Analysis

Currently consolidating within a triangle pattern, Bitcoin shows signs of an imminent breakout. A significant price move of around 9% is anticipated, targeting approximately $90,000 for an upward breakout and $76,000 for a downward move.

• Current trading price: $83,321.34, up about 1% in the last 24 hours.
• Pete Schiff predicts a drop to $20,000 if the Nasdaq crashes.
• Key support levels are at $80,797 and $76,600; resistance levels are at $91,152, $106,617, and $125,169.

Success in breaking the $91,152 resistance may lead to further bullish momentum towards $106,617 and beyond $125,000.