{"id":4927,"date":"2026-04-27T18:51:22","date_gmt":"2026-04-27T18:51:22","guid":{"rendered":"https:\/\/stock999.top\/?p=4927"},"modified":"2026-04-27T18:51:22","modified_gmt":"2026-04-27T18:51:22","slug":"bitcoin-drives-back-toward-80k-but-one-billionaire-may-be-fueling-much-of-the-rally","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=4927","title":{"rendered":"Bitcoin drives back toward $80k\u2014but one billionaire may be fueling much of the rally"},"content":{"rendered":"

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Bitcoin\u2019s price has climbed roughly 15% over the past month, and crossed above $79,000 over the weekend. The oldest cryptocurrency is now sitting at around $77,000, which is the highest the token has traded since an early February sell-off, but it\u2019s unclear how durable this latest rally will prove to be.<\/p>\n

Markets more broadly have enjoyed a bullish April, with the S&P 500 enjoying a nearly 9% gain, but Bitcoin investors may have gotten an extra boost thanks to billionaire Michael Saylor. His firm Strategy has a business based around acquiring Bitcoin, with Saylor using his outsize social media presence to post memes exhorting others to do the same.\u00a0\u00a0<\/p>\n

Strategy has acquired over 100,000 Bitcoin in March and April, worth over $7.7 billion at current prices. During the buying spree, the company surpassed BlackRock\u2019s popular Bitcoin ETF in total Bitcoin holdings.<\/p>\n

But Strategy\u2019s pace of Bitcoin acquisition slowed last week, when the firm acquired 3,273 Bitcoin for $255 million. That may be due largely to a slowdown in sales of Strategy\u2019s perpetual preferred shares, which the company calls STRC. The product, which was launched by Saylor\u2019s firm in July 2025, pays an 11.5% dividend, and Strategy buys Bitcoin with the proceeds from selling STRC. The instrument is meant to trade at $100, but when the shares dip below par, as they are right now, then it becomes more expensive for Strategy to issue new shares.\u00a0<\/p>\n

Strategy also recently proposed a move to begin making dividend payments twice per month, rather than monthly, partly in an effort to spread out the company\u2019s Bitcoin purchases more evenly throughout the month.\u00a0<\/p>\n

A fuzzy macroeconomic picture may be the thing keeping Bitcoin\u2019s other buyers from pushing the cryptocurrency toward $80,000.<\/p>\n

\u201cEnergy prices are a complicating factor. With oil prices up, risk appetites may be lower and that affects pricing on growth assets generally (crypto included),\u201d said Ashley Ebersole, the co-founder and chief legal officer of the tokenized asset firm tx, by email. \u201cThe market appears to be in a waiting phase. Prices haven\u2019t moved decisively higher, and probably won\u2019t until investors feel more comfortable with economic and macro events. Until then, a lot of capital is on the sidelines.\u201d<\/p>\n

Bitcoin\u2019s perpetual futures funding rate has been mostly negative for the past two weeks, according to data from crypto analytics firm CoinGlass, indicating that Bitcoin\u2019s short side has grown more crowded in recent days.<\/p>\n

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#Bitcoin #drives #80kbut #billionaire #fueling #rally<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price has climbed roughly 15% over the past month, and crossed above $79,000 over…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[245],"tags":[10161,1406,95,1354,2047,4546,64],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/4927"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4927"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/4927\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}