Bitcoin Price Prediction: $449M Strategy Buy and SEC Approval
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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
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We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
7 hours ago
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Bitcoin Price Prediction
Bitcoin is currently trading at $110,949, representing a 0.78% increase over the last 24 hours, with a trading volume of $73.3 billion and a market capitalization of $2.2 trillion. Regulatory clarity received a boost when the SEC and CFTC issued a joint statement stating that registered exchanges can offer spot cryptocurrency trading, including with margin and leverage.
No assets were named, but it’s a more friendly US stance towards digital assets. The announcement follows recommendations from the President’s Working Group on Digital Asset Markets and could pave the way for the NYSE and Nasdaq to list spot Bitcoin and Ethereum products.
This shift aligns with broader policy from the Trump administration, which has reduced lawsuits and encouraged growth across the crypto sector. For BTC, the approval adds legitimacy, increases access for U.S. investors, and strengthens institutional confidence.
Strategy’s $449M Bitcoin Buy Reinforces Confidence.
Institutional demand remains a central driver. Last week, Michael Saylor’s Strategy purchased 4,048 BTC for $449 million at an average price of $110,981, raising its August total to 7,714 BTC. This figure is smaller than July’s massive 31,000 BTC acquisition but still underscores consistent conviction.
In total, Strategy now holds 636,505 BTC, worth around $46.95 billion, at an average cost of $73,765 per coin. Saylor has described the company’s equity offerings as a “Bitcoin defense department,” funding large-scale purchases while reinforcing its long-term view of BTC as a reserve asset.
Despite raising...
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