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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Bitcoin Nears $80,000 But Hedge Fund Founder Says It's Still In 'No-Trade Zone'

Bitcoin prices reached its highest levels this week since February. (Credit: Jonathan Borba/Pexels)

Bitcoin prices briefly topped $79,000 per token on Wednesday after US President Donald Trump said the US will extend its ceasefire with Iran. The price move also coincides with Michael Saylor's Strategy buying another 34,164 bitcoins to hold a total of 815,061 tokens, retaining its position as the largest corporate holder of the digital asset.

'Strategy has acquired 34,164 BTC for ~$2.54 billion at ~$74,395 per bitcoin and has achieved BTC Yield of 9.5% YTD 2026,' Saylor posted on X on April 20. 'As of 4/19/2026, we hodl 815,061 $BTC acquired for ~$61.56 billion at ~$75,527 per bitcoin.'

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