Bitcoin price surged more than 5% in the evening of April 13, climbing near the $75,000 level and marking its strongest intraday move in a couple weeks as traders reacted to a mix of macro pressure and technical positioning.
The rally follows several days of choppy trading, with bitcoin price holding a tight range between roughly $68,000 support and $75,000 resistance amid geopolitical tension tied to U.S.–Iran developments over the last several weeks.Â
Earlier in the week, the asset slipped toward $70,000 after the collapse of diplomatic talks and a U.S. naval blockade in the Strait of Hormuz, which drove oil prices higher and weighed on risk assets.
The move also comes as broader markets remain under strain. Oil prices have surged above $100 per barrel following escalating tensions in the Middle East, while expectations for near-term Federal Reserve rate cuts have diminished amid persistent inflation. Despite these headwinds, bitcoin has shown resilience, holding above $70,000 for most of the past week.
Bitcoin price and Strategy’s accumulation
Bitcoin price started the day trading near $70,000 and skyrocketed into Monday’s close. Analysts had flagged a large cluster of leveraged short positions above the $72,000–$73,500 range, creating conditions for a rapid upside move once resistance levels broke. As prices pushed higher through that band, liquidations accelerated the rally, sending bitcoin price toward the top of its multi-week range.
On top of this, Strategy’s STRC at-the-market (ATM) program reached a new milestone on April 13, 2026, as its preferred stock recorded over $1 billion in single-day trading volume, with all activity occurring above the $100 par value required to trigger share issuance.Â
This enabled the company to run its ATM program at full capacity throughout the session.
Based on tracker estimates from Bitcoin for Corporations, the volume generated roughly $796 million in proceeds in a single day, funding the potential purchase of about 10,834 BTC at an average price near $73,400.Â
That figure represents more than 24 times the daily Bitcoin mining supply following the most recent halving.
The surge follows a confirmed $1.001 billion in net ATM proceeds for the week of April 6–12, according to a recent SEC filing.Â
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 — climbed to 81%, up from 45% in early March, reflecting more aggressive execution and strong market demand.
Recent weeks show a clear acceleration, with multiple billion-dollar periods and rising efficiency in capital deployment. Monday alone approached 80% of the prior week’s total proceeds, putting the current week on pace to become the largest in the program’s history.
Strategy now holds approximately 780,897 BTC, acquired at a total cost of about $59 billion. The STRC ATM program has generated more than $3.5 billion in proceeds to date, reinforcing the company’s position as the largest corporate holder of Bitcoin and signaling continued expansion of its accumulation strategy.
