- MicroStrategy buys 430 BTC ($51.4M), holding 629,376 BTC total at $119,666 average purchase price.
- Amdax plans Amsterdam-listed entity targeting 1% of Bitcoin supply (over $24B) amid institutional accumulation.
Bitcoin (BTC) is trading at $116,724, down 0.65% in the last 24 hours, with a market cap of $2.32T and $70.25B in daily trading volume. BTC has gained 96.13% year-on-year but is showing short-term weakness with a −2.21% weekly decline.
Several important ecosystem updates are shaping sentiment today. Dutch asset manager Amdax announced the creation of AMBTS B.V., which will be listed on Euronext Amsterdam with the ambitious goal of acquiring 1% of all Bitcoin in circulation (over $24B worth).
Meanwhile, Michael Saylor’s company Strategy purchased another 430 BTC for $51.4M, bringing its total holdings to 629,376 BTC, with an average purchase price of $119,666.
On the downside, the last 24 hours saw $111.85M in BTC liquidations, mostly long positions, showing heightened volatility as traders recalibrate positions around resistance.
Other notable headlines include Japan’s Metaplanet doubling its BTC reserves with a 775 BTC buy and Bhutan moving 800 BTC to new wallets, possibly signaling large exchange deposits. Additionally, another solo miner hit a jackpot block reward of $371K, highlighting Bitcoin’s decentralized mining nature.
From a technical perspective, BTC is consolidating below its all-time high of $124,517. Bulls are eyeing a breakout toward $120K–$125K if momentum returns, while bears point to possible retracements toward the $112K–$105K support zone if selling pressure intensifies.
