Key Moments
- Bitcoin traded 2.7% higher at $78,018.4 after touching an intraday peak of $78,430.4.
- U.S. President Donald Trump extended a ceasefire with Iran indefinitely, easing near-term market tension despite ongoing regional risks.
- Strategy Inc (NASDAQ:MSTR) purchased 34,164 bitcoins for about $2.5 billion, lifting its total holdings to roughly 815,000 coins.
Bitcoin Extends Winning Streak Above $78,000
Bitcoin climbed past the $78,000 mark on Wednesday, supported by a combination of geopolitical developments and renewed institutional interest.
The cryptocurrency last traded 2.7% higher at $78,018.4 by 02:49 ET (06:49 GMT), having reached a high of $78,430.4 in the prior 24 hours. The move put Bitcoin on track for a third consecutive session of gains.
Iran Ceasefire Extension Eases Immediate Market Stress
U.S. President Donald Trump announced an open-ended extension of a ceasefire with Iran, a decision he said was influenced in part by appeals from Pakistani officials seeking additional time for peace talks in Islamabad.
The extension currently remains a one-sided initiative, with no clear confirmation from Tehran on whether it will formally agree to the terms. Despite the ceasefire, frictions have persisted, including a continued U.S. naval blockade of Iranian ports and ongoing disruptions around the Strait of Hormuz.
Markets interpreted the move as a short-term reduction in the risk of further escalation. Oil prices eased, while the U.S. dollar gave back some of its recent strength. Analysts noted that Bitcoin has been behaving as a hybrid asset, reacting both as a risk-sensitive instrument and as a vehicle for hedging geopolitical uncertainty. This dynamic has drawn inflows when investors are simultaneously pricing in relief and lingering risk in traditional markets.
Strategy Inc Expands Bitcoin Holdings With $2.5 Billion Purchase
Institutional demand provided an additional tailwind. Strategy Inc (NASDAQ:MSTR) disclosed that it completed one of its largest Bitcoin accumulations to date, purchasing $2.5 billion worth of the token.
According to the company, it acquired 34,164 bitcoins during the week ended April 19 at an average price of about $74,395 per token. This brought its total position to roughly 815,000 coins, accumulated for about $61.6 billion.
The latest purchase was mainly financed through capital markets transactions. Strategy raised approximately $2.18 billion via the issuance of high-yield preferred shares and an additional $366 million through sales of common stock.
These preferred instruments, which carry yields of around 11.5%, have become central to the firm’s funding approach, enabling it to increase Bitcoin exposure while seeking to limit the dilutive impact of issuing new equity.
| Strategy Inc Bitcoin Metrics | Value |
|---|---|
| Latest purchase size | $2.5 billion |
| Bitcoins acquired in latest purchase | 34,164 |
| Average purchase price | $74,395 per token |
| Total Bitcoin holdings | ~815,000 coins |
| Total acquisition cost | ~$61.6 billion |
| Capital raised via preferred shares | ~$2.18 billion |
| Capital raised via common stock | $366 million |
| Preferred share yield | ~11.5% |
Altcoins Track Bitcoin Higher
Broader digital asset markets advanced alongside Bitcoin, although altcoin gains were generally more modest.
Ethereum, the second-largest cryptocurrency by market capitalization, rose 3.2% to $2,391.53.
XRP, the third-largest token by market ranking, added 1.3% to trade at $1.46.
Solana, Cardano, and Polygon each moved 2.5% higher.
In the meme-token segment, Dogecoin increased 2.3%.
| Cryptocurrency | Move | Price |
|---|---|---|
| Bitcoin | +2.7% | $78,018.4 (last), high $78,430.4 |
| Ethereum | +3.2% | $2,391.53 |
| XRP | +1.3% | $1.46 |
| Solana | +2.5% | Not specified |
| Cardano | +2.5% | Not specified |
| Polygon | +2.5% | Not specified |
| Dogecoin | +2.3% | Not specified |
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