Bitcoin Breaks $75,000 as Strategy Buys ₱60.13 billion ($1 billion) in One Day

Strategy's preferred stock program hit ₱60.13 billion ($1 billion) in single-day trading volume on April 13, generating ₱47.86 billion ($796 million) in net proceeds that the company likely used to purchase approximately 10,834 BTC at an average price near $73,400.

That's 24 times the daily Bitcoin mining supply, absorbed in a single day.

Bitcoin climbed over 5% toward $75,000 the same day, erasing a brief dip toward $70,000 earlier in the week. The rally flushed ₱25.68 billion ($427 million) in crypto short liquidations, the largest squeeze since late February. A cluster of leveraged short positions sat between $72,000 and $73,500, setting up the sharp move higher once oil prices collapsed following a U.S.-Iran ceasefire announcement.

Crude oil had surged above $100 per barrel amid naval tensions in the Strait of Hormuz, but diplomatic progress sent prices tumbling and repriced Federal Reserve rate cut expectations from zero probability to possible in the second half of 2026. Bitcoin volatility dropped below 46, the lowest level in two months, while funding rates stayed flat-to-negative, confirming the rally was driven by spot demand rather than leveraged speculation.

Strategy acquired 13,927 BTC during the week of April 6-12 at an average price of $71,902 using $1.001 billion in net ATM proceeds. The company's capture rate — the percentage of all Bitcoin mined that it buys — hit 81%, nearly double the 45% rate from early March. Current week proceeds are tracking at approximately 80% of the prior week's total, suggesting sustained institutional demand.

Strategy now holds approximately 780,897 BTC acquired at a total cost of about $59 billion, all funded through its preferred stock ATM program that has raised more than $3.5 billion to date.