Charles Schwab Boosts Strategy Stake as Bitcoin Trades Near $67,000
Charles Schwab increased its stake in Strategy by 91,859 shares, lifting its total holdings to about 1.27 million shares valued at roughly $168 million, according to a social media post citing regulatory data.
Key Takeaways:
- Schwab added 91,859 Strategy shares, bringing total holdings to 1.27 million.
- The position is valued at approximately $168 million.
- Strategy remains the largest known corporate holder of Bitcoin.
- Bitcoin was trading near $67,756, consolidating within a tight intraday range.
The move adds another traditional financial heavyweight to the roster of institutions expanding exposure to the largest corporate holder of Bitcoin.
Strategy, widely known for its leveraged bet on Bitcoin, has become a proxy trade for investors seeking amplified exposure to the digital asset. Institutional accumulation of its shares is often interpreted as a vote of confidence not only in the company’s capital strategy but also in Bitcoin’s longer-term trajectory.
Bitcoin was trading around $67,756 late Tuesday, according to Coinbase data, hovering near the midpoint of its intraday range between roughly $66,800 and $68,200. The price action followed a sharp afternoon dip that was quickly bought, signaling continued demand on pullbacks.
Technical indicators point to a market in consolidation. The relative strength index was near 42, suggesting neutral-to-slightly weak momentum without entering oversold territory. The moving average convergence divergence indicator remained in negative territory but showed signs of flattening, indicating that downside momentum may be easing.
What to Expect
Traders are watching the $66,800 area as near-term support after multiple intraday bounces, while resistance remains clustered near $68,200. A sustained break above that upper band could open the door to a retest of the $69,000 region, whereas a move below support may invite further short-term selling pressure.
Institutional flows into Strategy shares could amplify volatility in both the stock and Bitcoin, particularly if broader risk sentiment shifts. With macroeconomic data and central bank policy expectations still shaping investor positioning, Bitcoin’s next decisive move may hinge as much on traditional market catalysts as on crypto-specific developments.
For now, the market appears to be digesting recent gains, with price action suggesting a pause rather than a decisive reversal.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
