Prefer us on Google 
Download App 
Download App
Bitcoin’s value experienced a significant increase of over 5% on the evening of April 13, ascending close to the $75,000 mark. This marked its most substantial daily movement in approximately two weeks, as market participants reacted to a combination of macroeconomic pressures and technical trading conditions.
This upward trend follows a period of fluctuating trading activity, where bitcoin’s price maintained a narrow band between approximately $68,000 support and $75,000 resistance. This range was influenced by geopolitical concerns stemming from U.S.-Iran relations over the past several weeks.
Earlier in the week, the cryptocurrency saw a dip towards $70,000 subsequent to the breakdown of diplomatic negotiations and a U.S. naval blockade in the Strait of Hormuz. These events led to a rise in oil prices and negatively impacted riskier assets.
The current market movement also occurs while broader financial markets face considerable stress. Oil prices have surpassed $100 per barrel due to heightened tensions in the Middle East, and projections for imminent interest rate reductions by the Federal Reserve have lessened because of persistent inflation. Notwithstanding these challenges, bitcoin has demonstrated resilience, consistently trading above $70,000 for the majority of the past week.
Bitcoin Price and Strategy’s Accumulation Strategy
Bitcoin began the day trading near the $70,000 level before experiencing a sharp rise by the close of Monday’s trading session. Market observers had noted a substantial concentration of leveraged short positions situated above the $72,000–$73,500 range, creating conditions ripe for a swift upward movement once resistance levels were breached. As prices advanced through this threshold, liquidations intensified the rally, propelling bitcoin’s value towards the upper limit of its multi-week trading range.
In addition, Strategy’s STRC at-the-market (ATM) program achieved a new benchmark on April 13, 2026, with its preferred stock registering over $1 billion in single-day trading volume. All transactions occurred above the $100 par value necessary for share issuance.
This allowed the company to operate its ATM program at full capacity throughout the trading day.
According to estimates from the tracker Bitcoin for Corporations, this volume generated approximately $796 million in proceeds within a single day. These funds are earmarked for the potential acquisition of roughly 10,834 BTC at an average price close to $73,400.
This quantity is more than 24 times the daily Bitcoin mining output following the most recent halving event.
The price surge follows a confirmed net total of $1.001 billion in ATM proceeds for the week of April 6–12, as indicated in a recent SEC filing.
During that timeframe, Strategy procured 13,927 BTC at an average cost of $71,902. The firm’s capture rate—the proportion of eligible trading volume converted into proceeds—rose to 81%, an increase from 45% in early March. This indicates more aggressive execution and robust market demand.
Recent weeks have shown a clear acceleration, marked by multiple periods generating over a billion dollars and improved efficiency in capital allocation. Monday’s activity alone accounted for nearly 80% of the previous week’s total proceeds, positioning the current week to potentially be the most significant in the program’s history.
Strategy currently possesses approximately 780,897 BTC, acquired at a total expenditure of about $59 billion. The STRC ATM program has yielded over $3.5 billion in proceeds to date, reinforcing the company’s standing as the largest institutional holder of Bitcoin and suggesting a continuous expansion of its acquisition strategy.
Learn more at : bitcoinmagazine.com