Michael Saylor said on May 24, 2026 that Strategy is temporarily putting Bitcoin purchases on hold while it redirects capital toward debt instruments. The company reported holdings of 84,738 BTC worth about $64.45 billion and said it is also working on balance-sheet actions including a $1.5 billion convertible bond buyback tied to notes due in 2029.

Bitcoin rebounded after a weak weekend start tied to reports of a possible U.S.–Iran agreement, but a technical setup suggests the move may still be fragile. A chart shared by analyst Aksel Kibar outlines an ascending channel on the daily timeframe, with a potential pullback zone around $72,000–$72,500 before any rebound attempt.

Bitcoin is still facing downside pressure after losing traction above the $80K-$82K resistance band, while buyers appear to be defending the $75K support zone. The setup points to a possible short-term rebound toward $78K-$80K before sellers potentially reassert control. Key levels discussed include resistance at $82K-$84K and lower-demand areas at $70K-$71K, with deeper support near $65K-$66K.

On May 24, 2026, Strategy executive chairman Michael Saylor said the firm "bought bonds, not bitcoin" during the week, drawing attention to financing steps after holdings rose to 843,738 BTC. The company's dashboard showed bitcoin reserves valued near $64.45 billion, alongside figures that highlight how debt, preferred stock, and cash reserves factor into its treasury planning.

SpaceX said in an S-1 registration statement filed with the U.S. SEC that it holds 18,712 BTC, carried at a fair value of $1.293 billion as of March 31, 2026. The company disclosed an average purchase cost of around $35,324 per BTC, or roughly $661 million in total, implying an unrealized gain of nearly 119%. The filing comes ahead of SpaceX’s planned IPO and is presented as its first public breakdown of a Bitcoin treasury position.

Bitcoin dipped under $75,000 on Saturday morning before rebounding toward $77,000 at the time of writing. Analyst Darkfost said LTH supply rose from 15 million to 15.8 million BTC over two days, but argued the change is skewed by Coinbase's internal transfer of roughly 800,000 BTC between November 22nd and 23rd. BTC later traded around $76,490, up about 1% over 24 hours, while Darkfost pointed to resistance just above $80,000 near the STH cost basis.

Bitcoin was trading around $77,000 on May 24, 2026 after failing again near the 200-day moving average at $82,000-$83,000, keeping traders focused on whether $60,000 could be revisited. Over the prior two weeks, spot Bitcoin ETFs saw $2.26 billion of net outflows while perpetual swap funding stayed negative for 81 straight days, two signals pointing to cautious positioning. Analysts highlighted $81,000-$85,000 as resistance and $75,000-$76,000 as a key support zone to hold.

The Bitcoin Rainbow Chart outlines a wide BTC range for June 1, 2026, spanning roughly $59,186 to $491,731 across its sentiment bands. With Bitcoin trading near $77,000, the model places it in the "BUY!" zone, and the nearest band-based level for that date is about $79,670 if the valuation band holds.