Bitcoin Holds Above $63K as Strategy Buy Supports Market Recovery

Bitcoin remained steady on Tuesday as investors reacted positively to a fresh purchase by Strategy and easing geopolitical tensions in the Middle East. The world’s largest cryptocurrency showed signs of stabilization after suffering a sharp decline last week.

Bitcoin was trading at $63,434, up 0.7%, as market sentiment improved following reports that Israel and Iran had agreed to halt military strikes after intervention from U.S. President Donald Trump. The easing of tensions helped boost risk appetite across global financial markets, including cryptocurrencies.

Strategy Expands Bitcoin Holdings With $101 Million Purchase

Strategy, the largest corporate holder of Bitcoin, announced on Monday that it had acquired an additional 1,550 BTC for approximately $101 million. The purchase increased the company’s total Bitcoin holdings to 845,256 coins.

The latest acquisition significantly outweighed the company’s sale of 32 Bitcoin earlier this month. Executive Chairman Michael Saylor has repeatedly emphasized Strategy’s commitment to accumulating more Bitcoin than it sells, reinforcing the firm’s long-term bullish stance on the cryptocurrency.

However, Strategy continues to face growing debt and equity obligations linked to the capital it has raised to finance its aggressive Bitcoin buying strategy. The company disclosed that last week’s Bitcoin sale was primarily used to fund dividend payments related to certain preferred stock offerings.

The sale attracted considerable attention from the market because it marked Strategy’s first disposal of Bitcoin holdings since late 2022, triggering concerns among some investors about potential future sales.

Bitcoin ETF Outflows Continue to Weigh on Sentiment

Despite Bitcoin’s stabilization, institutional investors continued withdrawing funds from spot Bitcoin exchange-traded funds (ETFs).

Data showed that investors pulled approximately $91.4 million from spot Bitcoin ETFs on Monday. While still negative, the figure represented a notable improvement from Friday’s outflow of $325.7 million.

Bitcoin ETFs have now recorded three consecutive weeks of net outflows. Last week alone, the sector experienced withdrawals totaling approximately $1.7 billion, marking the largest weekly outflow since February 2025.

Several factors have pressured investor sentiment in recent weeks, including geopolitical uncertainty, concerns over higher interest rates, and growing investor interest in artificial intelligence-related stocks.

Altcoins Follow Bitcoin Higher

The broader cryptocurrency market also posted gains on Tuesday, although overall momentum remained relatively limited.

Ethereum rose 1.4% to $1,689, while XRP gained 2.7% to $1.17.

Other major cryptocurrencies also moved higher, with Solana, Cardano, and BNB recording gains ranging between 1% and 5%.

Among popular meme coins, Dogecoin advanced 1.5%, while the TRUMP token climbed 2.2%.

Market Outlook

While Bitcoin appears to have found support above the $63,000 level, investor sentiment remains cautious. Continued ETF outflows and macroeconomic uncertainty could limit upside momentum in the near term. However, ongoing accumulation by major corporate buyers such as Strategy may help provide additional support for the cryptocurrency market.