Key Highlights
Bitcoin climbed to $77,500, driven by macro risk-on sentiment following Trump's Iran ceasefire extension and Strategy's disclosure of its largest Bitcoin buy in months.
Strategy acquired 34,164 BTC for $2.54 billion at an average price of $74,395, bringing its total holdings to 815,061 BTC.
Trump announced an indefinite extension of the US-Iran ceasefire, conditioning the extension on Tehran submitting a unified proposal to permanently end the conflict.
Bitcoin pushed to $77,500 on April 22, its highest level in several weeks, as two catalysts converged: a geopolitical de-escalation signal from Washington and a fresh confirmation that the market's most aggressive institutional accumulator is still buying at scale.
Trump announced the extension of the US-Iran ceasefire on April 21, citing a "seriously fractured" Iranian government and requiring Tehran to submit a unified proposal before any permanent settlement could be reached. The announcement removed a layer of near-term risk premium from markets broadly, and crypto responded alongside equities, with Bitcoin leading the move among major digital assets.
Strategy's purchase disclosure added direct demand-side pressure. The company reported buying 34,164 BTC for approximately $2.54 billion, funded primarily through preferred stock sales. At a $74,395 average cost, the purchase landed well below the April 22 spot price, extending a pattern of Strategy accumulating during pullbacks and holding through recoveries. With 815,061 BTC on its balance sheet, the firm has now passed BlackRock as the single largest institutional holder of Bitcoin on record.
