Strategy (formerly MicroStrategy) has added to its bitcoin pile once again. A regulatory filing reveals the company purchased 1,031 BTC for $76.6 million, pushing its total treasury to 762,099 BTC — worth over $53 billion at current prices. The average acquisition cost now stands at $75,694 per coin, putting the firm roughly $5,000 underwater on each token, underscoring institutional conviction at these levels.
Trump Halts Iran Strikes, $270M in Shorts Vanish
Geopolitical tensions took a sudden turn. President Donald Trump announced a five-day postponement of planned strikes on Iran's power infrastructure after what he described as productive conversations. Bitcoin responded instantly, climbing from an overnight low of $68,500 to $71,500 within an hour. According to CoinDesk, the move triggered $270 million in short liquidations. As of March 23, BTC was trading near $71,606, up over 4% from the panic bottom.
Institutional Floor Logic: Buying at $75,694 Avg
Strategy's relentless accumulation signals that major players see the current range as a floor. With 762,099 BTC now on its books, the firm has effectively anchored a price level that bulls are defending. Analysts suggest that if Iran ceasefire talks hold and the Fed cuts rates in Q2, BTC could reach $78,000 by June. Standard Chartered maintains its year-end forecast of $150,000. Yet moving from $71,606 to that target requires months of macro tailwinds and significant capital inflow.
Pepeto Presale Tops $8M With Live Exchange
While bitcoin grabs headlines, a presale project called Pepeto is quietly building momentum. Its website reports over $8 million raised, with a fully functional DEX already live. The platform offers a risk scorer to filter scam tokens, zero-fee swaps via PepetoSwap, and a zero-cost cross-chain bridge. The token is priced at $0.000000186 with 194% APY staking. The team claims a SolidProof audit and a former Binance expert are steering toward a Binance listing. For risk-tolerant capital chasing exponential returns, Pepeto presents a different math than the one governing bitcoin's $1.4 trillion market cap.