Bitcoin experienced a significant surge of over 5% on the evening of April 13, approaching the $75,000 mark. This represented its strongest intraday movement in several weeks, driven by a combination of macro pressures and technical market positioning. The rally followed a period of volatile trading where Bitcoin had remained within a tight range, fluctuating between approximately $68,000 support and $75,000 resistance. This volatility was influenced by ongoing geopolitical tensions related to U.S.–Iran developments over the past few weeks.

Earlier in the week, Bitcoin's price briefly dipped towards $70,000 after diplomatic talks collapsed and a U.S. naval blockade was implemented in the Strait of Hormuz. These events led to a rise in oil prices and exerted downward pressure on various risk assets. The broader markets continue to operate under strain, with oil prices exceeding $100 per barrel due to escalating Middle East tensions, and expectations for near-term Federal Reserve rate cuts diminishing amidst persistent inflation concerns. Despite these challenging macroeconomic headwinds, Bitcoin has demonstrated resilience, consistently holding above $70,000 for the majority of the preceding week.

The price rally into Monday’s close, starting from near $70,000, was significantly amplified by technical factors. Market analysts had identified a substantial concentration of leveraged short positions situated above the $72,000–$73,500 range. When Bitcoin prices broke through these resistance levels, the subsequent liquidation of these short positions rapidly accelerated the upward momentum, propelling the cryptocurrency towards the upper boundary of its multi-week trading range.

Adding to this market activity, Strategy’s STRC at-the-market (ATM) program achieved a notable milestone on April 13, 2026. Its preferred stock recorded an unprecedented single-day trading volume exceeding $1 billion. All this trading activity occurred above the $100 par value, which is the threshold required to trigger share issuance. This allowed Strategy to operate its ATM program at its maximum capacity throughout the trading session.

According to tracker estimates from Bitcoin for Corporations, the volume generated approximately $796 million in proceeds on that single day. This substantial capital enabled the potential acquisition of about 10,834 BTC at an average price close to $73,400. This figure is more than 24 times the daily Bitcoin mining supply following the most recent halving event.

This recent surge in proceeds follows a confirmed $1.001 billion in net ATM proceeds for the entire week of April 6–12, as detailed in a recent SEC filing. During that specific period, Strategy strategically acquired 13,927 BTC at an average price of $71,902. The firm's capture rate, which measures the proportion of eligible trading volume converted into proceeds, significantly increased to 81% from 45% in early March. This improvement reflects both a more aggressive execution strategy and robust market demand for Bitcoin.

Recent weeks have clearly shown an acceleration in Strategy's accumulation efforts, marked by multiple periods where proceeds have exceeded a billion dollars and a notable rise in the efficiency of capital deployment. Monday's proceeds alone nearly matched 80% of the total proceeds from the entire previous week, indicating that the current week is on track to become the most successful in the program's history.

As of now, Strategy holds an approximate total of 780,897 BTC, which was acquired at an aggregate cost of about $59 billion. The STRC ATM program has, to date, successfully generated over $3.5 billion in proceeds. This reinforces Strategy's prominent position as the largest corporate holder of Bitcoin and strongly signals the continued expansion and deepening of its Bitcoin accumulation strategy.