Bitcoin Outpaces Gold and Equities as Strategy Expands Holdings to 761,068 BTC

Bitcoin and Ethereum have recently delivered stronger returns than gold and major stock markets amid geopolitical tensions, Bernstein reports. Strategy, described as the "last central bank of Bitcoin," purchased 22,337 BTC at around $70,194 each during recent market weakness, lifting its total holdings to 761,068 BTC at an average cost of about $75,696, while its stock MSTR is trading at a 14% discount to Bitcoin's net asset value. Spot Bitcoin ETFs have seen roughly $2.1 billion of net inflows over the past three weeks and now hold about 6.1% of circulating supply, with participation from wealth managers, pension funds and sovereign investors, while around 60% of Bitcoin has remained unmoved for more than a year.