Bitcoin price surged more than 5% on the evening of April 13, climbing close to the $75,000 level and marking its strongest intraday move in several weeks as traders responded to a blend of macro pressure and technical positioning. The recent rally comes after a series of volatile trading days, with bitcoin maintaining a narrow range between approximately $68,000 support and $75,000 resistance, influenced by geopolitical tensions related to U.S.–Iran developments in recent weeks. Earlier in the week, the asset dipped toward $70,000 following the breakdown of diplomatic negotiations and a U.S. naval blockade in the Strait of Hormuz, leading to a surge in oil prices and putting pressure on risk assets. The decision aligns with the ongoing pressure faced by broader markets. Oil prices have skyrocketed past $100 per barrel as tensions in the Middle East escalate, while the anticipation for imminent Federal Reserve rate cuts has waned in the face of ongoing inflation. In the face of these challenges, bitcoin has demonstrated remarkable resilience, maintaining its position above $70,000 for the majority of the past week.
Bitcoin price began the day hovering around $70,000 and surged dramatically into Monday’s close. Analysts had identified a significant concentration of leveraged short positions in the $72,000–$73,500 range, setting the stage for a swift upward movement once resistance levels were breached. As prices surged through that band, liquidations fueled the rally, propelling bitcoin price toward the peak of its multi-week range. In a significant development, Strategy’s STRC at-the-market program achieved a remarkable milestone on April 13, 2026. The preferred stock saw an impressive single-day trading volume exceeding $1 billion, with all transactions taking place above the $100 par value necessary to activate share issuance. The company was able to operate its ATM program at full capacity during the entire session.
According to estimates, the volume generated approximately $796 million in proceeds in just one day, enabling the potential acquisition of around 10,834 BTC at an average price close to $73,400. The number stands at over 24 times the daily Bitcoin mining supply after the latest halving event. The recent surge is attributed to a confirmed $1.001 billion in net ATM proceeds for the week of April 6–12, as detailed in a recent SEC filing. During that period, Strategy acquired 13,927 BTC at an average price of $71,902. The firm’s capture rate — the share of eligible trading volume converted into proceeds — surged to 81%, a significant increase from 45% in early March, showcasing more aggressive execution and robust market demand.
Recent weeks have demonstrated a notable acceleration, highlighted by several billion-dollar intervals and an increase in the efficiency of capital deployment. On Monday, the figures nearly reached 80% of the total proceeds from the previous week, setting the current week on track to potentially become the largest in the program’s history. Strategy currently possesses around 780,897 BTC, obtained at a cumulative expenditure of roughly $59 billion. The STRC ATM program has amassed over $3.5 billion in proceeds thus far, solidifying the company’s status as the largest corporate holder of Bitcoin and indicating ongoing growth in its accumulation strategy.