📰 Strategy (BTCUSD) Bolsters Bitcoin Holdings With $740M Buy, Driving Long-Term Bullish Outlook

📅 Jul 21, 2025, 09:10 EDT | 🔗 Source: The Block

🧠 Summary

Strategy extended its Bitcoin accumulation by purchasing 6,220 BTC for $739.8 million, bringing total holdings to 607,770 BTC worth $71 billion. The firm’s aggressive buy strategy, backed by capital market funding, reflects strong confidence in Bitcoin’s long-term value.

💡 Why this signal?

  • Bitcoin is struggling to overcome strong resistance around $119,482, indicating limited upward momentum.
  • Failure to close the weekly bar above resistance could trigger bearish sentiment and a correction toward the $112,000 support zone.
  • Current sideways trading suggests market indecision, with increased downside risk if the support level breaks.

📈 BTCUSD Price Trend

⏱️ Impact Timing
depending on weekly close, shortly after week end
👥 Competitor Impact

No competitors impacted.

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