Bitcoin Falls 2% as Strategy Expands Holdings with $18.8 Million Purchase

The Bitcoin price dropped 2% in the past 24 hours to trade at $107,218 on a 12% daily trading volume surge to $40.4 billion.

This price decrease comes despite Strategy, continuing its steady Bitcoin purchases. The company recently added 168 BTC for $18.8 million at an average price of $112,051 per coin. With this purchase, Strategy now holds 640,418 BTC, worth about $47.4 billion, bought at an average price of $74,010 per Bitcoin. The company’s Bitcoin portfolio has gained 26% so far this year.

According to its SEC filing, the purchase was funded through proceeds from stock sales — $11.2 million from STRF, $5.1 million from STRK, and $2.6 million from STRD — totaling $18.9 million. Michael Saylor, the company’s executive chairman, hinted at the buy in his usual Sunday post on X, saying, “The most important orange dot is always the next.”

This marks Strategy’s second consecutive weekly Bitcoin purchase after a one-week break. Earlier this month, it bought 220 BTC for $27.2 million. The new purchase comes as Bitcoin rebounds to around $111,000 after dropping to $104,000 last week. Meanwhile, Strategy’s stock (MSTR) has climbed 5% to about $303, though it remains up just 1% for the year after reaching a peak of $455 earlier in 2025.

Bitcoin Price Analysis: Double Bottom Hints at Rebound

Bitcoin is trading near $107,963, down about 2.3% in the last 24 hours. Even though the price has dropped, the chart shows a possible bullish reversal forming. A clear double-bottom pattern has appeared around the $100,000–$105,000 range, which has acted as a strong support zone in recent months. This means buyers are stepping in each time the price touches this level.

After breaking above the neckline earlier this year, Bitcoin entered a consolidation phase, where the price moved sideways for several weeks. It then retested the neckline, which now acts as a new support. This area is considered a good entry or buying point for traders expecting the next upward move.

If Bitcoin manages to break above the $120,000 neckline again, it could confirm the double-bottom pattern and start a strong rally. The first target or reward zone would be between $120,000 and $130,000, where traders may start taking profit. The larger take-profit target is set around $150,000, based on the height of the double-bottom formation.

BTCUSDT Analysis Source: Tradingview

The Relative Strength Index (RSI) shows a reading of 40.14, meaning the market is close to being oversold but not yet there. This suggests there’s still room for price recovery if buying momentum increases. If the RSI climbs above 50, it would signal stronger bullish pressure.

However, if Bitcoin fails to stay above $100,000, the next key support lies near $95,000. A drop below that level could delay the bullish setup. On the other hand, holding above $105,000 and breaking the $120,000 resistance would confirm the start of a new upward trend.

In short, Bitcoin’s price structure, RSI signal, and strong support zone suggest that the market may be preparing for another rebound toward $150,000—as long as it remains above $100,000–$105,000 in the short term.