Bitcoin Reaches Two-Month High Over $78,000 as Iran Says the Strait of Hormuz Is Open
Unchained·60-word summary·1 min read
Bitcoin hit over $78,000, its highest in two months, after Iran announced the Strait of Hormuz was open and US-Iran peace talks advanced. The geopolitical developments boosted Bitcoin’s price, reflecting its safe-haven appeal amid regional tensions. The rally indicates growing investor confidence in Bitcoin as a hedge against geopolitical risks.
Strategy has purchased 34,164 Bitcoin for approximately $2.54 billion at an average price of $74,395, bringing its total holdings to 815,061 BTC. The firm’s total investment is around $61.56 billion, with an average cost of $75,527 per Bitcoin. In 2026, Strategy reports a 9.5% BTC yield year-to-date, reflecting its aggressive accumulation strategy.
Bitcoin is showing bullish signals, with $75,000 potentially becoming the new support level. Technical indicators suggest a breakout could be imminent, and the key resistance level to watch is $78,000. These developments indicate positive momentum for Bitcoin, which has been trading near the $75,000 mark, hinting at a possible upward move in the near future.
Strategy has invested $2.5 billion in Bitcoin in one of its largest single purchases to date. This substantial buy could influence Bitcoin’s market dynamics, potentially increasing volatility and boosting institutional adoption. The move highlights growing institutional interest in Bitcoin as a key asset class, with the purchase occurring in 2026.
Strategy Inc. has purchased 34,164 Bitcoin, increasing its total holdings to 815,061 BTC as of April 2026. This multibillion-dollar acquisition highlights ongoing institutional confidence in Bitcoin and reflects Strategy’s commitment to expanding its corporate treasury position. The move underscores sustained demand from large firms for Bitcoin as a treasury asset.
Strategy made its third-largest Bitcoin purchase on record, acquiring 34,164 BTC for $2.54 billion last week. The purchase was funded through sales of the company's perpetual preferred stock, STRC, and common stock. This move highlights ongoing institutional interest in Bitcoin, with the company significantly increasing its holdings in a single transaction.
Michael Saylor’s Strategy has purchased 34,164 bitcoin for $2.5 billion, bringing its total holdings to over 800,000 BTC. This amount accounts for more than 3.8% of the 21 million bitcoin supply cap, valued at approximately $61 billion. Saylor’s firm continues to expand its bitcoin portfolio, emphasizing a long-term bullish outlook.