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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Strategy has announced a massive acquisition of 24,869 Bitcoin for $2.01 billion, executed at an average price of approximately $80,823 per coin. Following this purchase, the company's total reserves have climbed to 843,738 BTC, representing more than 4% of the total 21 million bitcoin supply cap. According to reports, the acquisition took place as the market price of Bitcoin dipped below the $77,000 threshold.
This move aligns with the company's aggressive treasury strategy, which significantly outpaces institutional peers such as Tesla and Marathon Digital in terms of total crypto exposure. Per market data, Michael Saylor’s continued accumulation provides a significant institutional floor for the asset, even as the broader market grapples with recent volatility and net outflows from spot Bitcoin ETFs.
Traders are currently watching support levels near $75,000 following recent price action, with Bitcoin trading at volatile levels as of the close on May 18, 2026. Looking ahead, the market is focused on upcoming macro catalysts including the U.S. Consumer Price Index (CPI) data and scheduled speeches from Fed officials, which are expected to influence broader market sentiment and liquidity conditions for digital assets.