Bitcoin Beats US Stocks as Strategy's STRC Hints at a $776M BTC Purchase
Summary
Bitcoin (BTC) was set for its strongest weekly gain since September 2025, rising over 7% to around $70,625, while the S&P 500 fell 1.60%, defying a risk-off environment fueled by Middle East tensions. This outperformance is partly attributed to Strategy, whose exchange-traded instrument STRC may have raised enough cash from at-the-market sales to buy over 11,000 BTC, equating to roughly $776 million. This follows Strategy's purchase of nearly 18,000 BTC the previous week. Additionally, US spot Bitcoin ETFs attracted $767 million in net inflows over five days. Historically, Bitcoin has often recovered and rallied significantly after initial dips during geopolitical conflicts. However, technical analysis suggests caution, as a bear flag formation on the chart indicates potential downside risks toward $51,000, despite macro models hinting at a potential rise toward $100,000.
(Source:Cointelegraph)