Bitcoin Skyrockets to Near $120K as MicroStrategy Bolsters Holdings with Additional 155 BTC
Bitcoin has sustained its remarkable rally, trading close to $120,000 as institutional adoption picks up pace. MicroStrategy, previously known as Strategy, announced the acquisition of an extra 155 bitcoins, costing $18 million, between August 4-10, 2025, at an average price of $116,401 per bitcoin. The company’s holdings now stand at 628,946 BTC, valued at an estimated $75 billion, which equates to nearly 3% of the total Bitcoin supply.
This purchase was financed through the proceeds from the company’s at-the-market offering of preferred stock. The surge in Bitcoin’s price coincides with increasing institutional demand. Analysts have highlighted three bullish metrics:
- Low futures-to-spot ratio
- Surging BTC dominance in exchange volume
- Positive taker activity
The cryptocurrency has seen a gain of over 3% in the past week, with technical analysis indicating potential targets of $125,000 in the near future.
Source: AIInvest