Live updates: Bitcoin tops $63,000 as Strategy adds $100 million BTC in latest purchase

Bitcoin surged past $63,000 as MicroStrategy (now trading as Strategy) announced a $100 million bitcoin purchase, adding to its growing treasury of BTC holdings. The move reflects continued institutional adoption and confidence in digital assets, with the company positioning itself as a major corporate Bitcoin holder. Simultaneously, Strive Asset Management acquired 32 BTC—the exact amount Strategy had divested the previous week—signaling active accumulation among institutional players despite some profit-taking activity.

The corporate accumulation trend has supported Bitcoin's price momentum, though the market dynamics remain nuanced with some large holders periodically taking profits rather than accumulating purely. Investors should monitor whether institutional buying continues to outpace selling, the broader macroeconomic factors influencing Bitcoin's price stability above key resistance levels, and whether additional corporations follow these purchasing patterns in coming weeks.