Bitcoin hit $77,000 on Friday as Strategy’s corporate Bitcoin treasury returned to profit above its cost basis of $75,385. BTC surged approximately 20% in 48 hours, with Strategy’s holdings of 840,447 BTC generating a year-to-date gain of roughly $450 million. The break above the 200-day moving average at $68,967 signals a bullish development for long-term BTC price trends. Around 11% of total Bitcoin supply, or 2.23 million BTC, now represents a support band between $58,000 and $67,000, according to Glassnode.
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