Strategy (MSTR) expanded its Bitcoin (BTC) holdings last week, purchasing 1,587 BTC for roughly $100 million, according to a filing submitted on Monday. The purchase increased Strategy's total holdings to 846,842 BTC, acquired at an average cost basis of $75,656 per Bitcoin.
The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels. Bitcoin hovers around $63,500 amid a capped upside.
Litecoin (LTC) remains under pressure, trading below $43 on Wednesday after suffering a steep correction last week. Bearish sentiment continues to build as derivatives metrics signal reduced bullish conviction.