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Strategy buys $2B in Bitcoin, hinting at possible local bottom amid market fear

Market News
19 May 2026
AMBCrypto
View Source
Bullish
pluang ai news

Strategy, a major Bitcoin treasury, added 24,869 BTC worth about $2 billion, raising its total holdings to 843,738 BTC. This purchase occurred near their average cost basis, suggesting a psychologically important price zone that may indicate a local bottom. While short-term holders face pressure and sellers currently dominate, long-term holders remain steady, and market conditions hint at potential accumulation. Bitcoin's price has yet to confirm a rebound, needing to surpass recent resistance to signal buyer control.

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