Bitcoin nears $80K as Strategy accumulates, $427M shorts liquidated
What Price Will Bitcoin Hit in April
Bitcoin (BTC) price
Full chart and statsLoading chart…
- Price
- $81,436
- 24h change
- +2.3%
- Market cap
- $1.6T
- 24h volume
- $23.8B
- Circulating supply
- 20.1M BTC
CoinGecko data as of Oct 28, 5:15 AM EDT.
Strategy Bitcoin treasury
Current company context. These observations may postdate this article; they do not describe holdings at publication.
- Reported Bitcoin balance
- 848,517 BTC
- Gross Bitcoin value
- $68.62B
- Provider mNAV
- 1.00x
CoinGecko Strategy · Retrieved Oct 28, 2026 05:52 UTC. Retrieval is not the company disclosure date.
Selected Bitcoin treasury companies
Company balances and provider ratios, not industry valuation peers. The article company appears first.
| Company | BTC held | mNAV | Retrieved (UTC) |
|---|---|---|---|
| Strategy | 848,517.00000000 | 1.00x | Oct 28 05:52 |
| Metaplanet | 44,000.00000000 | 0.68x | Oct 28 06:52 |
| Twenty One Capital | 43,514.00000000 | 0.94x | Oct 28 07:53 |
| Strive | 43,000.00000000 | Not reported | Oct 28 09:52 |
CoinGecko mNAV is enterprise value divided by all crypto held, which can include assets besides Bitcoin. Gross Bitcoin value is not company value or net assets. Below 1.0x does not establish undervaluation.
Reported Bitcoin balance history
Strategy · BTC balances at source events
+6,380.00 BTC change since the first displayed event. Not a daily purchase series.
Source: CoinGecko Strategy · Retrieved Oct 28, 06:15 UTC
8 source events. No balance is carried forward or inferred between dots. Source event dates are not independently checked filing dates.
Exact source records
| Source event date (UTC) | BTC balance |
|---|---|
| 2026-08-03 | 842,137.00000000 |
| 2026-08-10 | 840,447.00000000 |
| 2026-08-31 | 845,050.00000000 |
| 2026-09-21 | 846,000.00000000 |
| 2026-09-28 | 847,665.00000000 |
| 2026-10-05 | 847,999.00000000 |
| 2026-10-12 | 848,250.00000000 |
| 2026-10-19 | 848,517.00000000 |
Coverage and pending data
Still pending: historical mNAV and USD valuations; filing-level validation of debt, cash, preferred claims, diluted shares and disclosure dates. Company coverage remains limited.
Existing observations keep their original retrieval times after a failed refresh. Data older than 48 hours is unavailable. Provider methodology.
Bitcoin is approaching $80,000, driven by short covering and Strategy Inc.’s accumulation, while the Polymarket contract for Bitcoin reaching $200,000 by the end of 2026 sits at
Market reaction
The potential for Bitcoin to dip to $60,000 in April has decreased as momentum favors upward price action. Strategy Inc.’s accumulation and the liquidation of $427 million in crypto shorts have changed the market’s direction. The April 30 market remains open with just 6 days left for resolution, and odds are against a significant drop. On the $200K contract, face value daily volume is $51,360, but actual USDC traded is just $2,022, and it takes $1,589 to move the price 5 points, indicating moderate liquidity.
Why it matters
This rally shows short covering and concentrated accumulation outweighing macroeconomic fears. The ceasefire between the U.S. and Iran initially triggered these liquidations, but sustained momentum points to a more structural shift. For a YES share priced at 5¢, a $1 payout if Bitcoin hits $200,000 by year-end is a
What to watch
Announcements from institutional players like MicroStrategy or BlackRock could move sentiment further. Any news of additional large-scale Bitcoin purchases would reinforce the current upward trend.
API access
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
