Strategy Acquires 21,021 BTC for $2.46 Billion Amid ETF Inflows

Strategy has acquired an additional 21,021 BTC for $2.46 billion between July 28 and 29. This purchase follows a $2.5 billion capital raise through its fourth preferred stock issuance (STRC). Key points include:

Average purchase price was $117,256 per BTC.
Total Bitcoin holdings now stand at 628,791 BTC, valued at approximately $74.26 billion.
Unrealized profit exceeds $28.18 billion with an average entry price of $73,277.

Simultaneously, Bitcoin exchange-traded funds (ETFs) recorded net inflows of $79.97 million on July 29, marking four consecutive days of inflows, indicating rising investor confidence. Spot Ethereum ETFs saw $219 million in inflows, maintaining an 18-day streak of positive movement.

Market Analysis

Bitcoin is trading just above $118,000 with minimal recent movement. The 30-day Bitcoin Volatility Index (BVIV) has fallen to 39.37, suggesting low volatility. Historical data indicates that such conditions may precede significant price rallies.

Over the weekend, the market absorbed a sell-off of over 80,000 BTC worth $9.6 billion with minimal impact on prices, showcasing strong liquidity. Despite this, 97% of all BTC remains profitable, totaling over $1.4 trillion in unrealized gains.

Analysts suggest Bitcoin may remain within the $105,000 to $125,000 range, with potential upward movement toward $141,000 if broken, where profit-taking is expected.