Bitcoin Proxy Stock Strategy rose more than 12% today as the price of Bitcoin rose above $77,000, extending a volatile week for cryptocurrency markets against the backdrop of war and fragile diplomacy in the Middle East.
The move added to the gains strategy He was investigated in April after the company Highlight Bitcoin’s $1.3 billion “gain” is tied to a rebound in its holdings, even as it faces significant unrealized losses from previous quarters.
Bitcoin broke through key resistance in the mid-1970s and briefly traded above $77,000, building on a multi-day squeeze that forced short sellers to cover. Derivatives data this week showed hundreds of millions of dollars in short liquidations, suggesting traders are caught in a bullish trap as spot prices surge back toward record territory.
The latest phase of Bitcoin’s rally has unfolded as Iran and the United States signal cautious progress toward de-escalation after weeks of conflict that has rocked global markets. Tehran He said that the Strait of Hormuz is now fully open on commercial shipping under the ceasefire framework linked to a new truce between Israel and Lebanon, even as Washington maintains a naval blockade in place until a broader peace agreement is reached.
President Donald Trump said the war “has to end very soon,” as negotiators explore a second round of talks after the first summit failed to reach a comprehensive agreement.
Bullish weeks for the strategy
Earlier this week, strategy Condensate Already a dominant Bitcoin accumulation strategy, she purchased 13,927 BTC for approximately $1 billion, bringing her total holdings to 780,897 BTC. The acquisition, which was funded entirely through STRC’s At-Market (ATM) equity program, reflects an average purchase price of approximately $71,902 per coin and a cumulative cost basis of approximately $59 billion.
The company’s capital engine is revving up. Between April 6 and April 12 alone, Strategy generated just over $1 billion in net proceeds from the sale of more than 10 million STRC preferred shares.
This momentum continued this week, with one trading day production Over $1 billion in STRC volume – 100% of which is above the $100 face value required to activate the ATM program. This allowed for an estimated $796 million in new capital and the potential purchase of more than 10,000 Bitcoins in a single day, far exceeding the daily mining supply.
One of the key metrics confirming this acceleration is the “capture rate,” or the percentage of eligible trading volume converted into revenue. This percentage has risen from 45% in early March to 81% in the past week, indicating increasingly aggressive execution and strong institutional demand.
The strategy is now driving companies’ Bitcoin accumulation significantly. Of the 47,435 BTC added to corporate vaults in March, approximately 44,377 BTC came from the strategy alone.
Strategic shares hit a high of $166.85 so far today.
