After a bullish week that saw Bitcoin reach new all-time highs, the momentum hasn’t faded. BTC continues to push higher as investor sentiment grows stronger and the broader market begins to follow its lead. One major player remains at the center of attention—Strategy, the company holding the largest corporate Bitcoin treasury in the world.
While Strategy skipped purchasing Bitcoin last week, it did announce a significant move: a $4.2 billion capital raise, potentially setting the stage for future acquisitions. This pause comes after an impressive 12-week streak of Bitcoin accumulation, a run that helped reinforce bullish conviction across the market.
Now, with fresh capital lined up, the coming week could be pivotal. Michael Saylor, Strategy’s co-founder and CEO, hinted on Sunday that something may be brewing, though no formal announcement has been made. His comments have fueled speculation that Strategy could soon return to the market with another major purchase.
Strategy’s Next Move And Crypto Week Align
Bitcoin is heading into a pivotal week with strong momentum after setting new all-time highs and holding above $118,000. Fueling speculation of what could come next, Michael Saylor posted on X: “Some weeks you don’t just HODL,” alongside a graphic highlighting the company’s Bitcoin acquisition history.
Strategy’s most recent purchase took place on June 30, when the firm added 4,980 BTC to its treasury for approximately $532 million. This purchase brought the company’s total holdings to 597,325 BTC, now valued at over $70.9 billion. With an average cost basis of $70,982 per BTC, Strategy is sitting on significant unrealized gains. The post from Saylor has led to speculation that another large purchase may be imminent, especially after the company announced a $4.2 billion capital raise last week.
The timing is notable. This week marks “Crypto Week” in the US House of Representatives, where lawmakers will review three major pieces of legislation that could shape the future of the digital asset space. With rising institutional interest, a favorable legislative backdrop, and bullish sentiment returning to the market, Bitcoin appears well-positioned for continued upside, especially if Strategy steps back in to buy.
Bitcoin Breaks To New Highs
Bitcoin has surged past the $112,000 mark, setting a new all-time high and currently trading near $118,526. This decisive breakout follows several months of consolidation between $103,600 and $109,300, levels that now act as strong support. The price structure is clearly bullish, backed by increasing volume and renewed momentum across the market.
On the daily chart, Bitcoin remains comfortably above its major moving averages—the 50-day ($107,447), 100-day ($100,954), and 200-day ($97,001) SMAs. These trend indicators point to healthy technical conditions, with no immediate signs of weakness. The breakout has reaffirmed market conviction and could trigger additional institutional and retail inflows.
With price action now entering uncharted territory, traders will look to the $125,000 zone as the next major psychological target. As long as Bitcoin holds above the $109,300 breakout zone, the current trend is likely to remain intact. Short-term volatility is possible, but the momentum favors the bulls.
Featured image from Dall-E, chart from TradingView
