- Strategy acquired 21,021 BTC for $2.46B, raising its holdings to 628,791 BTC.
- Bitcoin is consolidating just below $120K amid a cooling-off phase.
- Twenty One Capital increased its treasury to 43,500 BTC.
Enterprise analytics firm Strategy (formerly MicroStrategy) has made another substantial purchase, acquiring 21,021 BTC for approximately $2.46 billion.
The purchase, made at an average price of $117,256 per coin, brings Strategy’s total Bitcoin holdings to now 628,791 BTC, currently valued at $74.26 billion.
The firm’s unrealized profit on its holdings now stands at $28.18 billion, according to the on-chain analytics platform Lookonchain. This relentless buying continues as Bitcoin consolidates just below the psychological $120,000 level.
“Muted” market helping the accumulation
According to on-chain analyst Crypto Dan, the current market is transitioning out of a short-term overheating phase. Analyzing the holdings of short-term traders (those holding for 1 day to 1 week), Dan noted that the recent “overheated” condition is milder than similar phases that preceded previous corrections in March–October 2024 and January–April 2025.
Dan predicted that investors could see a milder and shorter consolidation, advising market participants to “look forward to a potential uptrend in the second half of 2025.” This environment of lower selling pressure from short-term players makes it easier for large institutional buyers like Strategy to continue accumulating.
Related: Bitcoin Transparency Push: Jack Mallers’ Twenty One Capital Opens Books with Proof-of-Reserves
Bitcoin Price Analysis: Momentum Slows but Structure Holds
As per the daily chart below, Bitcoin is currently exhibiting signs of consolidation with the price hovering near the middle band (20-day SMA) around $118,290, showing a slight retracement from recent highs.
However, the upper and lower bands are not diverging rapidly, suggesting a period of sideways movement rather than a deep correction.
Also, the MACD line is crossing below the signal line, with the histogram turning negative as bulls lose momentum. Finally, sitting at 58.05, the Relative Strength Index is in neutral territory, cooling off from recent highs but still well above the oversold threshold.
Twenty One Capital Joins the Fold
As Strategy adds to its massive stash, a new, powerful corporate player has also joined the fold. The newly launched Twenty One Capital, which is backed by Tether, Bitfinex, Cantor Fitzgerald, and SoftBank, announced it has increased its initial BTC holdings to 43,500 BTC, worth around $5.1 billion.
Related: Trump’s July 30 Crypto Report to Back Stablecoins, Rejects CBDCs, Eyes Bitcoin Reserve
Once fully active, Twenty One Capital will become the third-largest corporate Bitcoin holder, right behind Strategy and the mining company Marathon Digital.
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