Coinpaper
2026-01-21 11:45:49

Strategy Buys $2.13B in Bitcoin as BTC Holds the Line and Eyes $100K

Strategy added 22,305 bitcoin in a $2.13 billion buy, lifting its total holdings to 709,715 BTC as it kept piling into the asset. Meanwhile, Bitcoin defended a low-$90,000 support zone, and chart watchers pointed to $100,000 as the next level in focus. Strategy lifts bitcoin holdings to 709,715 BTC Strategy Inc. said it bought 22,305 bitcoin for about $2.13 billion, paying an average of about $95,284 per coin, according to a Form 8-K dated Jan. 20, 2026. The company reported the purchases occurred from Jan. 12, 2026, through Jan. 19, 2026, and said it used net proceeds from sales under its at the market offering programs to fund the buys. As of Jan. 19, 2026, Strategy said it held 709,715 bitcoin acquired for about $53.92 billion at an average price of about $75,979 per coin, including fees and expenses. In the same filing, Strategy listed sales during the period across multiple securities tied to its at the market offerings, including its Class A common stock (MSTR) and preferred stock series that trade under STRC and STRK. Bitcoin defends support as higher-low structure takes shape Meanwhile, Bitcoin held a key support zone on a higher time frame chart, keeping a recent rebound intact and putting the $100,000 level back into focus, according to technical analysis shared on X by il Capo Of Crypto on Jan. 20. On the two-day BTC/USD chart, price stabilized above a blue-marked support band near the low-$90,000 area after a sharp sell-off in November and early December. That zone previously acted as a base during consolidation earlier in the cycle, and recent candles showed buyers stepping in again after a brief downside sweep. After reclaiming the support range, Bitcoin printed higher lows and pushed back toward mid-$90,000 levels. The structure suggested a potential shift from corrective price action to stabilization, as downside momentum slowed and volatility compressed near support. The chart also highlighted a broader resistance zone between roughly $100,000 and $108,000, labeled as a key area tied to prior highs. A sustained hold above current support keeps that zone in play as the next technical target, based on previous reactions at those levels. Il Capo Of Crypto said the current setup could mark an important higher low for the broader crypto market. The analyst noted that maintaining this support would preserve the larger bullish structure, setting conditions for continuation if follow-through buying emerges in coming sessions.

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