Bitcoin Pops To $114,000 As Strategy Expands BTC Treasury To $47 Billion

Strategy Inc. MSTR has bought 196 Bitcoin BTC/USD for $22.1 million, lifting its total holdings to 640,031 BTC, according to an SEC filing on Monday.

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ATM Equity Sales Fund Fresh Bitcoin Buys

The company disclosed Monday it funded the Bitcoin purchase through its at-the-market equity programs.

Between Sept. 22 and Sept. 28, it sold preferred and common shares totaling $128.1 million in proceeds, with part allocated to Bitcoin acquisitions.

The latest buy lifts Strategy's aggregate Bitcoin investment to US$47.35 billion at an average price of $73,983 per coin.

Fund Outflows Test Market Conviction

Digital asset products posted $812 million in weekly outflows last week, according to a CoinShares report. The U.S. led redemptions with $1 billion, while Switzerland, Canada, and Germany reported inflows.

Bitcoin products saw $719 million in outflows, though CoinShares noted the lack of short-Bitcoin inflows suggested the selling pressure was not strongly conviction-driven.

Ethereum ETH/USD recorded $409 million in redemptions, while Solana SOL/USD drew $291 million of inflows ahead of its U.S. ETF decision.

Bitcoin Holds Channel Support Near $112

BTC Key Technical Levels (Source: TradingView)

Technical analysis: Bitcoin trades near $114,000 after defending its ascending trendline support.

Price is stabilizing above the 0.236 Fibonacci retracement at $111,294, with immediate resistance at the 20-day and 50-day EMAs between $112,791 and $113,277.

A breakout above this cluster may target $116,000 and the 0.618 retracement near $117,896.

On the downside, support is set at $111,784 and deeper at $108,380, where the 200-day EMA aligns with the channel base.

Why It Matters

Strategy's latest allocation shows how balance-sheet adoption is beginning to reshape Bitcoin's market structure.

Despite $812 million in weekly outflows from digital asset funds, the company raised its holdings to 640,000 BTC, signaling that corporate treasuries are emerging as a counterweight to cyclical investor flows.

Crypto Fear & Greed Index (Source: Coinglass)

At the same time, the Crypto Fear & Greed Index climbed from 37 to 49, marking a shift from fear to neutrality.

For investors, this divergence highlights a critical turning point where Bitcoin's direction is increasingly being set by long-term institutional anchors rather than short-term sentiment.

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