Strategy Resumes Bitcoin Purchases via STRC Stock: Will BTC Price Hit $80K?
Cointelegraph
MicroStrategy is set to resume Bitcoin accumulation using STRC stock proceeds, potentially driving BTC prices toward an $80,000 target.Summary
Michael Saylor’s Strategy (MSTR) is restarting its Bitcoin accumulation program after STRC preferred stock traded above its par value, enabling the company to raise fresh capital. Estimates suggest the firm may purchase over 1,111 BTC this week, valued at approximately $76.25 million. This renewed buying activity coincides with a recent 5% rebound in Bitcoin's price. Technical analysts suggest that if the recovery continues, supported by this institutional demand and easing geopolitical tensions, Bitcoin could reach an $80,000 target in April, though a failure to hold support levels could lead to a bearish breakdown toward $49,000.
(Source：Cointelegraph)