Strategy, formerly known as MicroStrategy, has purchased 20,356 Bitcoin (BTC) for $1.99 billion, according to a Feb. 24 post by Michael Saylor on X. The company paid an average price of $97,514 per BTC.

Meanwhile, BTCUSD intraday charts show that the price has breached 95,000, a key level traders have been watching. The H1 chart has not yet confirmed the breakout. If confirmed, the price may move further to the downside.

Strategy Raises $2 Billion to Acquire Bitcoin

This acquisition increased Strategy’s total Bitcoin holdings to 499,096 BTC, acquired at a total cost of $33.1 billion. The company’s average purchase price stands at $66,357 per BTC.

The purchase followed Strategy’s $2 billion senior convertible note offering. The notes carry a 0% coupon and will mature on March 1, 2030. Each $1,000 note block is convertible into 2.3072 shares of the company’s Class A common stock at $433.43 per share, representing a 35% premium over the market price.

After deducting fees and expenses, the offering generated approximately $1.99 billion in net proceeds. Strategy stated that it intends to use the funds for general corporate purposes, including Bitcoin acquisitions and working capital.

95K Breach Signals Potential Downward Move

The BTC/USD H1 chart indicates that the price has breached the 95,000 level, which has been significant on intraday charts. Minor intraday charts have confirmed the breakout. If the H1 chart also confirms, the price may move downward with momentum. In that case, the 93,300 level may act as intraday support.

Bitcoin has been in a bearish trend on the minor charts for some time. However, in a broader perspective, DeepSeek AI outlined three potential scenarios for Bitcoin in 2025. In the base case, Bitcoin is expected to trade between $100,000 and $150,000, according to Finance Magnates.

In a bullish “hyperbitcoinization” scenario, the price could rise to $350,000. A black swan scenario suggests a peak of $500,000. These projections are based on expectations of increased institutional adoption and broader blockchain acceptance in global finance. However, in a broader perspective, DeepSeek AI emphasizes the uncertainty and volatility surrounding these forecasts.

This article was written by Tareq Sikder at www.financemagnates.com.TrendingRead More

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