Bitcoin climbed to about $77,500 as traders reacted to President Trump's decision to extend the Iran cease-fire and to Strategy's $2.54 billion purchase of 34,164 bitcoins, its largest buy since 2024.

The new acquisition lifts Strategy's holdings to 815,061 bitcoins, putting the position modestly in profit and coinciding with $1.4 billion in weekly inflows to global crypto funds, led by bitcoin and ether.

Analysts say bitcoin's move above key short-term holder levels and rising institutional adoption, including from Japanese investors, reduce near-term liquidation risk, though a sustained rally may hinge on clearing $80,000 and geopolitical developments in the Strait of Hormuz

The golden coin traded at $77,541 on Wednesday morning, up 2.2% over 24 hours and 4.3% on the week, after Trump extended the Iran ceasefire and Strategy disclosed its largest BTC purchase in 17 months.

The cryptocurrency topped $78,000 on Wednesday morning, up 2.2% over 24 hours and 4.3% on the week, after President Donald Trump said he would extend the Iran ceasefire indefinitely and Strategy disclosed the purchase of 34,164 BTC for $2.54 billion.

Additionally, the Strategy's buy is the largest bitcoin purchase by the company since November 2024.The 34,164 BTC acquisition at an average $74,395 per coin brings the firm's holdings to 815,061 BTC, bought for $61.6 billion at an average cost basis of $75,527.

With bitcoin at $77,541, the position is now modestly in profit for the first time in months.