Michael Saylor posted two words on X -"Bitcoin Forever." Strategy's executive chairman published the message alongside the company's latest treasury disclosure, confirming that the firm bought 430 additional bitcoin for approximately $51.4 million, at an average price of roughly $119,666 per BTC.
The purchase pushed Strategy's total holdings to 843,738 BTC, a position valued at approximately $66 billion at the cited market price. The company is now the largest publicly known corporate bitcoin treasury by a significant margin. The company also reported a bitcoin yield of 25.1% year-to-date.
Saylor also launched $STRC, a preferred stock paying around 11.5% annual dividends for investors who want Bitcoin exposure without the full price swings. Bitcoin supporters welcomed the news, while critics raised old concerns about possible future sales. CEO Phong Le said the company has no plans to sell anytime soon.
Why $80,000 Is the Line in the Sand
Bitcoin's next major move may hinge on a single level: $80,000. In a recent livestream, technical analyst Crypto Jebb argued that the market is still
"bearish until proven otherwise"
and warned that Bitcoin must reclaim $80,000 as support — not just touch it — before the current corrective phase can be called a true reversal.
If Bitcoin does clear $80,000 convincingly, $84,000 to $85,000 as the next significant resistance zone. A rally into that range accompanied by sustained strength could help confirm a more durable bullish structure. Without that follow-through, he cautioned, the larger corrective pattern remains intact.
What a Failure at $80,000 Would Mean
If Bitcoin rolls over and cannot reclaim $80,000, the implications extend beyond price alone. A rejection at that level would likely:
- Reinforce the bearish market structure Jebb described
- Trigger additional selling from trend-following traders
- Increase liquidation risk in leveraged futures markets, potentially amplifying any downside move
- Keep pressure on altcoins, which typically follow Bitcoin's directional lead
Conversely, a sustained break above $80,000 could invite renewed spot demand, short covering, and improved risk appetite across the broader crypto market.