Bitcoin Price Rally Breaks $77,500 as Trump Extends Ceasefire and Strategy Drops $2.5 Billion on BTC
Bitcoin surged toward the $75,000–$77,000 range as markets reacted to two major catalysts: easing geopolitical tensions following signals of a US-Iran ceasefire, and aggressive institutional accumulation led by Michael Saylor’s Strategy. The company has been steadily increasing its Bitcoin holdings, reinforcing bullish sentiment across the market.
Bitcoin climbed to about $77,500 as traders reacted to President Trump’s decision to extend the Iran cease-fire and to Strategy’s $2.54 billion purchase of 34,164 bitcoins, its largest buy since 2024. The new acquisition lifts Strategy’s holdings to 815,061 bitcoins, putting the position modestly in profit and coinciding with $1.4 billion in weekly inflows to global crypto funds, led by bitcoin and ether.
Strategy’s total Bitcoin holdings have now reached 815,061 coins, translating to roughly $61.5 billion at current spot prices. With this move, the firm surpassed BlackRock’s iShares Bitcoin Trust for the first time to become the publicly traded company holding the most Bitcoin, BlackRock’s fund, by comparison, holds 802,823 BTC.
The financing structure behind the purchase is notable. Eighty-six percent of the latest purchase was funded through the company’s perpetual preferred stock, STRC, while the rest came from MSTR common shares, an approach that allows continued accumulation without diluting shareholder equity.
On the geopolitical side, the ceasefire extension gave risk assets a significant lift. The all-time high for bitcoin was $126,198.07 on October 6, 2025, and the war had dampened investors’ appetite for risk, affecting both crypto and stock prices, so the pause in escalation served as a clear tailwind for Bitcoin and other high-risk assets.
Funding rates on bitcoin perpetual futures had remained negative for about 46 consecutive days, the longest such run since the FTX collapse in late 2022, yet net inflows into spot bitcoin ETFs rose to $996.4 million last week, per SoSoValue, and Ethereum spot ETFs took in $275.8 million.
This Bitcoin price rally now puts the $80,000 level firmly in traders’ sights. Analysts say bitcoin’s move above key short-term holder levels and rising institutional adoption, including from Japanese investors, reduce near-term liquidation risk, though a sustained rally may hinge on clearing $80,000 and geopolitical developments in the Strait of Hormuz.
Whether bitcoin can hold $77,000 through the European session depends on how markets price the ceasefire extension against continued Strait of Hormuz disruption. A clean break above $80,000 would confirm the 46-day funding rate compression is flipping into a short squeeze, while a reversal below $75,000 would mean the ceasefire extension is already priced in and the rally needs a fresh catalyst.
For now, the combination of institutional firepower from Strategy and diplomatic de-escalation has given Bitcoin its most convincing upside push in weeks.
