Strategy Hints at 101st Bitcoin Purchase as BTC Holds Near $67K

• At the time of writing, the price of Bitcoin is hovering at $62,772, being 0.38% up in the last 24 hours. 
• Escalating tensions between the United States and Iran have become the recent trigger that has influenced risk sentiment over crypto markets.

Strategy may be preparing for its 101st Bitcoin purchase, as hinted by co-founder Michael Saylor in a cryptic post. As is mostly the case with Saylor’s posts, he shared Strategy’s Bitcoin accumulation charts, which trace the firm’s buying since it initially started purchasing the asset in August 2020. 

Saylor also mentioned on X that the second century starts. In the current scenario, Strategy holds 720,737 BTC, estimated at more than $48.7 billion. The last purchase of the firm was performed between February 23 and March 1; at that time, the firm accumulated 3,015 BTC at an average price of $67,000 per coin. 

This batch also underscored the 100th BTC purchase of the firm. Meanwhile, the price of Bitcoin has managed to be steady over the $70,000 mark and has often lost this prominent psychological support area, which has now turned into a resistance level. 

The Impact of Geopolitical Tensions 

Escalating tensions between the United States and Iran have become the recent trigger that has influenced risk sentiment over crypto markets. As of the last check, the price of Bitcoin was sitting at $67,500, which places it below the average purchase of the strategy at a cost of around $75,992, as per the data from Bitcoin Treasuries. 

The basic NAV of the strategy that estimates the value of its Bitcoin holdings corresponding to its market capitalisation was just below 1, which means the stock is recently standing at a discount to the value of its essential BTC treasury. 

Strategy shares got shut on March 6, down around 4.5%, showing the caution among some investors as the firm has continued funding its Bitcoin accumulation strategy via debt and equity financing. 

At the time of writing, the price of Bitcoin is hovering at $62,772, being 0.38% up in the last 24 hours. 

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