Bitcoin price rose more than 5% on the evening of April 13, climbing near the $75,000 level, marking its strongest intraday move in a few weeks, as traders responded to a mix of macro pressure and technical positioning.
The rally follows several days of choppy trading, with the bitcoin price holding a tight range between around $68,000 support and $75,000 resistance amid geopolitical tensions linked to developments between the US and Iran over the past few weeks.
Earlier this week, the asset fell towards $70,000 after the collapse of diplomatic talks and a US naval blockade in the Strait of Hormuz, which drove up oil prices and weighed on risk assets.
The move also comes as broader markets remain under pressure. Oil prices have risen above 100 dollars per barrel. barrel after escalating tensions in the Middle East, while expectations for short-term interest rate cuts from the Federal Reserve have fallen due to persistent inflation. Despite these headwinds, bitcoin has shown resilience, holding above $70,000 for most of the past week.
Bitcoin price and the strategy’s accumulation
Bitcoin price started the day trading near $70,000 and soared to Monday’s close. Analysts had flagged a large cluster of leveraged short positions above the $72,000-$73,500 range, creating conditions for a quick upward move once the resistance levels were broken. As prices pushed higher through this band, liquidations accelerated the rally, sending the bitcoin price towards 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, when its preferred stock recorded over $1 billion in single-day trading volume, with all activity occurring above the $100 par value required to trigger a share issue.
This allowed the company to run its ATM program at full capacity throughout the session.
Based on tracker estimates from Bitcoin for businessesgenerated volume approx. $796 million in proceeds in a single day, funding the potential purchase of around 10,834 BTC at an average price close to $73,400.
That figure represents more than 24 times the daily Bitcoin mining supply after the recent halving.
The increase follows a confirmed $1.001 billion in net ATM money for the week of April 6-12, according to 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 proportion of qualified trading volume converted to proceeds – rose to 81%, up from 45% in early March, reflecting more aggressive execution and strong market demand.
Recent weeks have shown a clear acceleration with multi-billion dollar periods and increasing efficiency in capital utilization. Monday alone approached 80% of the previous week’s total, putting the current week on track to be the biggest in the program’s history.
Strategy now has approximately 780,897 BTC, acquired at a total cost of around $59 billion. The STRC ATM program has generated more than $3.5 billion in revenue to date, strengthening the company’s position as the largest corporate holder of Bitcoin and signaling continued expansion of its accumulation strategy.