Key Insights:
- MicroStrategy purchased 13,927 BTC worth $1 billion, taking its total Bitcoin holdings to 780,897 BTC.
- The Orange Dots chart, created by Michael Saylor, is yet another chart that preceded the recent Bitcoin purchase announcement.
- A top analyst believes BTC is stuck in a 12-hour symmetrical triangle, with $72,000 and $67,000 acting as major resistance and support levels, respectively.
MicroStrategy has again strengthened its Bitcoin (BTC) buying spree by announcing another $1 billion acquisition. With this move, the company has reinforced its position as the largest corporate BTC holder.
MicroStrategy Buys Another $1B Worth of Bitcoin
According to an April 13 disclosure, the company acquired 13,927 BTC, valued at $1 billion at current prices. The average price for this purchase was $71,902 per Bitcoin.
The new acquisition has driven MicroStrategy’s Bitcoin holdings to 780,897 BTC. The total BTC reserve is currently valued at a whopping $59.02 billion using current market values. Whilst the average cost of acquisition for this stash is $75,577 per Bitcoin.
Earlier, last week, Microstrategy bought 4,871 BTC with a value of approximately $330 million. In addition, Executive Chairman Michael Saylor stated that the BTC yield stood at 5.6% year-to-date in 2026.
The acquisition was not surprising to the long-term market participants. This weekend, Michael Saylor wrote, “Think Bigger” and shared the chart of the Orange Dots. It showcases all Bitcoin purchases made by MicroStrategy over the years.
The Orange Dots chart has become very popular among the BTC investors as a hint of a new acquisition. In the past, whenever Saylor posted this illustration, a new Bitcoin purchase followed shortly after.
The MicroStrategy stock (MSTR) gained in the trading session today after a premarket drop previously at press time, the MSTR stock price was up 1.66% to $130.77 on Monday. On the other hand, Bitcoin price had slipped down to the $70,000 level.
BTC Price Continues Declining Amid Geopolitical Tensions
BTC dropped to roughly $71,760 to near $70,700 with traders citing the macro uncertainty following the alleged breakdown of U.S.-Iran peace talks. Sentiment in the risk market was further destabilized when President Donald Trump announced on Truth Social that the U.S. would enforce a blockade of the Strait of Hormuz.
His announcement heightened panic in financial markets around the world and strained risk-on assets like cryptocurrencies. Crypto analyst Ali Martinez opined that Bitcoin is drifting towards a crucial technical juncture.
Martinez wrote, “Bitcoin $BTC is currently trapped inside a symmetrical triangle on the 12-hour chart.” The chart indicates that the price action of BTC is narrowing between a downward-sloping resistance trendline around $79,000 and an upward-sloping support line starting around $59,000.
Such a compression pattern indicates that the market is accumulating towards a steep movement when either of the sides fails. He added, “These patterns are ‘neutral’ by nature, meaning the market is essentially coiling like a spring before a major expansion in volatility.”
The analyst claims that the most important upside trigger for Bitcoin price is a sustained close above $72,000. MicroStrategy and other corporate BTC acquisitions could add to the bullish momentum in such cases.
He stated, “If we see a clean 12-hour close above $72,000, the triangle resolves to the upside. This would likely trigger a continuation of the trend toward $80,000.”
On the negative side, he said that the loss of support would turn the tide against BTC price. If Bitcoin falls below the lower support of $67,000, the structure will fall apart. It might trigger a further correction to the downside to the $59,000 level.
