Bitcoin climbs as Strategy adds $100M

• Bitcoin rose about 4% to nearly US$67,000 as easing US-Iran tensions improved sentiment across crypto and equity markets.
• Strategy purchased 1,587 Bitcoin for approximately US$100 million, increasing its holdings to 846,842 BTC.
• Investors are now focused on the Federal Reserve's upcoming policy meeting and Chair Kevin Warsh's first press conference.

Bitcoin (CRYPTO:BTC) climbed nearly 4% to around US$67,000 as reports of a US-Iran ceasefire boosted risk appetite and supported gains across cryptocurrency and crypto-linked equities.

The rally followed Iran's reported agreement to reopen the Strait of Hormuz, easing concerns about energy supply disruptions and helping Bitcoin break above US$64,000 resistance.

“The ceasefire news pushed Bitcoin to $66,000 on thin weekend liquidity, but traders who have been burned twice already this year are not fully redeploying yet,” said Nansen Research Analyst Nicolai Sondergaard.

Strategy disclosed that it purchased 1,587 Bitcoin for approximately US$100 million between June 8 and June 14, increasing its total holdings to 846,842 BTC through purchases funded by its at-the-market share sale programme.

Strategy shares rose more than 9%, while Strive Asset Management gained nearly 16%, and shares of Coinbase, Robinhood and Circle each advanced more than 5%.

Bitfinex analysts said the recent rebound may reflect seller exhaustion and improved macroeconomic conditions rather than a sustained return of demand, while noting that stronger exchange-traded fund inflows could be needed to support a longer-term uptrend.

Investors are also watching the Federal Reserve's June meeting, where policymakers are widely expected to keep interest rates unchanged at 3.50% to 3.75%, while markets await guidance from Chair Kevin Warsh on future policy direction.

At the time of reporting, Bitcoin price was $66,266.19.