Live updates: Bitcoin tops $63,000 as Strategy adds $100 million BTC in latest purchase (opens original article in a new tab)

Bitcoin rose above $63,000 as Strategy purchased $100 million in BTC, reinforcing its long-term accumulation strategy. Crypto stocks like Galaxy and BitGo also saw significant gains.

• Strategy bought 1,550 BTC for $101 million, increasing holdings to 845,256 BTC.
• TD Cowen analysts stated Strategy's purchases reflect a long-term accumulation plan, not a shift in strategy.
• Crypto stocks Galaxy and BitGo rose 22% and 18% respectively as Bitcoin climbed to $64,175.