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Strategy Acquires 21,021 Bitcoin, Now Holds 628,791 Coins: Why Is BTC Price Dropping?
Strategy (Nasdaq: MSTR, STRK, STRF, STRD), the largest corporate Bitcoin BTCUSDT holder, has made a bold move to strengthen its balance sheet. The Bitcoin treasury company announced on Tuesday, July 29, that it had closed its initial public offering of around 28 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at a public offering price of $90, thus raising about $2.52 billion.
Strategy announced that the proceeds from the IPO of the newly formed vehicle were used to purchase 21,021 Bitcoins.“Strategy has acquired 21,021 BTC for around $2.46 billion at about $117,256 per Bitcoin and has achieved a BTC Yield of 25.0% YTD 2025. As of 7/29/2025, we hodl 628,791 BTC acquired for approximately $46.08 billion at around $73,277 per Bitcoin,” Michael Saylor, Chairman at Strategy, noted. Strategy Leads an Army of Corporate Investors in Bitcoin Accumulation Strategy’s STRC fundraising was the largest U.S. IPO in 2025 to date. The company has led an army of 282 corporations that have accumulated over 3.61 million Bitcoins to date, according to BitcoinTreasuries.
More institutional investors have implemented a Bitcoin treasury management system to beat inflation and macroeconomic uncertainties.Why Has BTC Price Faltered?
Bitcoin price is affected by a wide range of factors, both on-chain and external fundamentals. Although on-chain data shows an aggressive accumulation of Bitcoin by whale investors, short-term holders and spot traders have been expecting heightened volatility ahead of Wednesday’s FOMC statement and the Fed’s federal funds rate announcement.
According to market data from Coinglass, Bitcoin’s Futures Open Interest (OI) dropped by over 5 percent on CME to $16.9 billion, signaling mild panic selling.
Nonetheless, the overall BTC’s OI remained elevated compared to last quarter and year, thus signaling that a macro bullish outlook remains strong.
Posted in our blog ahead of the FOMC meeting
The Fed’s Current Dilemma: Independence, Politics, and Rate Decisions
S&P 500 Breaks Winning Streak After U.S.-China Meeting Ends Without a Deal The Dow Jones Industrial Average fell more than 200 points on Tuesday, with investors considering a possible tariff extension for China and a fresh batch of corporate earnings.
U.S. and Chinese trade negotiators discussed potentially extending a tariff truce over two days of talks but haven’t yet come to an agreement, senior officials said Tuesday.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer said they would report back Wednesday to President Trump, who will make the final decision on an extension for the truce set to expire on Aug. 12. The Dow fell 0.5%, or 204.57 points.
The S&P 500 declined 0.3%, ending its streak of six consecutive record highs, and the Nasdaq composite lost 0.4%. Some analysts say that investors are more focused on picking out the winners and losers from tariffs and newly minted trade deals, rather than the fears of a deep recession and runaway inflation that gripped markets months earlier.
The latest batch of earnings reports showed signs of tariff-induced stress for American corporations. Chrysler maker Stellantis said it expects a roughly $1.7 billion hit from tariffs this year. Consumer bellwether Procter & Gamble said shoppers were delaying purchases and searching for discounts.
Whirlpool shares declined 13% after the company slashed its outlook but said it would eventually benefit from tariff policies. Investors also parsed data that suggests the economy is weakening.
The goods-trade deficit shrank last month, as fewer goods traded in either direction across U.S. borders. Imports dropped more than exports, according to preliminary figures from the Commerce Department.
The Conference Board’s latest consumer data showed that Americans are feeling better about the economy but are still worried about tariffs and the labor market.
Elsewhere, the 10-year Treasury yield moved lower, falling to 4.329% from 4.418% on Monday.
Wall Street is also looking to the Federal Reserve’s interest-rate decision due Wednesday. Central bank officials are expected to hold rates steady, but a press conference from Fed Chair Jerome Powell following the decision could shed light on the Fed’s openness to cutting rates at its next meeting in September.
NIO Inc.
Resistances: 4.90, 5.10 & 5.20
Supports: 4.65, 4.40 & 4.30
This is a correction after prolonged rally, so it can go deeper than our stomach would like to handle…
I would like to see 4.40 holding and substantial build up , for another test of highs.
It might take a week or so.
However, below 4.40 Nio would be put on a defensive and any attempt to reach 5.50 would be delayed a lot.
DAX
Dax is kind of Yoyo last several days – one day up another down….
It is not exactly a flat liner, but we can see that there are two zones:
24.500 & 23.900 – it oscillates between the two
Wider range is between 24.640 & 23.460
Before it creates some recognizable pattern, it would be silly to call any side right now.
USD/JPY: Dollar Nears ¥149 Moments Before Pair Gets Sandwiched Between Rate Decisions
Key points:
· Dollar moving higher slowly
· Yen to get stress tested
· Fed, Bank of Japan on deck
It’s showtime! Dollar-yen is staring at not one but two central bank decisions. Is the Fed going to cut? Is the BoJ going to hike?
Double Whammy?
· The USDJPY traded around ¥148.60 early Tuesday, hovering near a four-month high, as traders braced for a one-two punch of rate decisions from the Federal Reserve and the Bank of Japan. The pair has been on a tear, fueled by diverging rate expectations and macro crosswinds. So now what?
· With Fed Chair Jerome Powell expected to keep rates steady at 4.5%, traders are watching closely for signals of a likely cut to borrowing costs at the next meeting — a move that markets may have mostly priced in.
· The BoJ’s decision comes right after. Expectations? Another hold. But with inflation rising and the yen still under pressure, the margin for error is shrinking fast.
·
Fed Expected to Hold
· The FOMC meeting wraps Wednesday, with policymakers expected to leave interest rates unchanged. The Fed has held steady for months now, citing slowing inflation and “wait-and-see” vibes. But traders see this week as a final calm before a potential pivot.
· A no-change decision this month could tee up a rate cut as early as September, especially if economic data continues to soften. But there’s also Donald Trump going off on social and before reporters, saying Powell must lower rates immediately. Can Trump outweigh the committee?
· The dollar has remained strong amid sticky yields and global uncertainty — but if Powell even hints at easing, expect the dollar-yen to start seeking direction, and fast.
· Hold? Or Hike?
· The Bank of Japan meets a day after the Fed, and the consensus is for a hold. But that may not give the yen the relief it needs.
· Inflation in Japan has picked up — a break from years of deflation — and pressure is mounting for policymakers to finally lift rates again. A hike could strengthen the yen, but it risks tightening credit conditions just as growth is slowing.
· If the BoJ holds and sounds dovish, the dollar-yen could break ¥149 and test multi-year highs. If it surprises with a hike? Expect some serious yen moves.
Canadian Dollar Weakens to 2-Month Low
The Canadian dollar weakened past 1.375 per US dollar, its weakest level in two months, as a revived US dollar and persistent trade uncertainty clouded Canada’s economic outlook.
On the external front, a string of high-profile agreements, most notably the US–Japan deal cutting auto tariffs to 15% and a parallel US–EU framework, has eased fears of a drawn-out tariff war, bolstering expectations for stronger US growth and a resolutely hawkish Federal Reserve.
Canada, by contrast, remains without a comparable pact, leaving investors braced for possible unilateral measures from Washington.
At home, a steeper-than-anticipated 1.1% decline in May retail sales underscored a cooling economy, spurring markets to factor in an earlier-than-expected pivot toward rate cuts by the Bank of Canada.
Posted in our blog ahead of the FOMC meeting
The Fed’s Current Dilemma: Independence, Politics, and Rate Decisions
What’s Hot and What’s Not?
What’s hot?
USD is firmer with USDJPY lagging ahead of the BoJ meeting’
US bonds are up (yields lower)
Gold is up but just consolidating
What’ not?
All currencies led by the EURUSD extending its retreat towards (but still above) 1.15
What’s hot/not?
US stocks mixed after starting off on a firmer note
Crude oil stuck in a range after backing off from a move up yesterday
ETHUSD – Ethereum
Supports: 3820.00, 3725.00 & 3625.00
Resistances: 3885.00, 3940.00 & 3975.00
4K is now very much in the reach for Ether, and Pattern wise it is just a question of time test it.
However, way more important levels to watch are 4090.00 & 4105.00 – that is where the real battle will unfold.
EURUSD Daily
First some levels and then I’ll get into explanations…
Resistances: 1.16100, 1.16400 & 1.16800
Supports: 1.15150, 1.14850 & 1.14600
Two options:
– This is a fast and brutal correction that will lead till 1.14050 and then a build-up and final stand out with 1.18300/1.18600
– EUR loses 1.14850 and it goes in a full correction all the way to 1.12050
However, when looking at it on the Weekly chart nothing suggests that this will be either fast or easy one….rather like several weeks ( at least) of downward pressure , with crazy Upticks every now and then ( depending on data, blubber etc )
I am not dismissing a potential come back, based on some heavy fundamentals , but Down is what charts are saying…
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