- Bitcoin rises to $112k, driven by renewed institutional buying.
- Strategy adds 196 BTC, increasing its holdings to 640,031 BTC.
- Analysts see $120,000 potential but warn of volatility risk.
Bitcoin (BTC) has climbed to $112,000, lifted by renewed institutional interest and a sizable purchase by Strategy, the world’s largest corporate Bitcoin holder.
Strategy acquires 196 BTC, holdings reach 640,031
Strategy, formerly MicroStrategy, announced the acquisition of 196 Bitcoin for an undisclosed amount, bringing its total holdings to 640,031 BTC, according to a Form 8-K filing.
Strategy has acquired 196 BTC for ~$22.1 million at ~$113,048 per bitcoin. As of 9/28/2025, we hodl 640,031 $BTC acquired for ~$47.35 billion at ~$73,983 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/NnmLONBsRK
— Michael Saylor (@saylor) September 29, 2025
The purchase was funded through the company’s at-the-market (ATM) offering program and underscores Strategy’s role as a leading corporate Bitcoin treasury, with holdings worth roughly $71.7 billion at current market prices.
This acquisition continues Strategy’s pattern of steady purchases: the firm added 850 BTC on September 22, 2025, and 525 BTC on September 15, 2025, at an average price of $114,562 per BTC.
Michael Saylor, Executive Chairman, has used equity and debt financing to accumulate Bitcoin, reinforcing the company’s position as a prominent example of a corporate treasury strategy anchored by BTC.
The recent buy coincided with Bitcoin’s rise to $112,500, up 2.9% from $109,525.50 three days earlier.
Analysts weigh in on BTC price outlook
Analysts are cautiously optimistic about Bitcoin’s price path after the surge to $112,000.
The rise aligns with Strategy’s aggressive accumulation and broader market momentum, but opinions differ on what comes next.
Some analysts have projected BTC could reach $150k–$200k in 2025, citing institutional adoption and macroeconomic factors as key tailwinds. At the same time, others point out that volatility remains significant and bears may still exert pressure.
QCP analysts share their outlook
“After a turbulent September, $BTC is still up more than 3% this month. Options markets show slowly returning confidence, but the 115k level remains a hurdle to clear for a renewed uptrend.”
Is Bitcoin a ‘buy the dip’ opportunity?
QCP analysts say the crypto market shows “signs of recovery” following the sharp sell-off seen the previous week. Dips that pushed BTC below $109,000 could still present buy-the-dip opportunities.
“Despite sizable ETF outflows, especially on Friday, spot managed to hold sideways over the weekend. This suggests quarter-end outflows were a major driver of redemptions, and the market absorbed selling pressure more smoothly than expected,” QCP wrote. “With spot bouncing back, ETF flows this week could set the tone for institutional demand into the seasonally bullish month.”
Strategy’s steady purchases are viewed as a bullish signal, though potential U.S. policy on digital assets could influence long-term price stability.
If bulls continue to push, breaking above $117,000 will be critical. That level marks a significant supply wall and plays an important role in any attempt to clear $118,000 and retest the $120,000 area.