Bitcoin climbed 1.05% to $64,070, recovering after last week’s dip as U.S. and Iranian negotiators opened ceasefire talks. Strategy raised its Bitcoin holdings to 846,842 BTC while its Bitcoin and cash reserves exceed debt by $48 billion, underscoring a stronger balance sheet.
Bitcoin rose 1.05% to $64,070, recovering from last week’s dip as call options outnumbered puts in open interest, with key contracts positioning for $120,000 by December 2026.
U.S. and Iranian negotiators opened discussions aimed at a permanent ceasefire, easing geopolitical tensions that had threatened the Strait of Hormuz and global energy supplies.
Strategy increased its holdings by over 716,000 BTC since late 2022, reaching a total of 846,842 BTC through successive capital raises and market purchases.
With Bitcoin and cash reserves now surpassing its debt by about $48 billion, the company’s financial leverage and balance sheet flexibility have been significantly enhanced.
