Bitcoin surges to $112K as Strategy adds 196 BTC, analysts eye $120K potential

• Bitcoin hits $112k, fueled by institutional buying.
• Strategy added 196 BTC, increasing its holdings to 640,031 BTC.
• Analysts see potential for $120,000 but warn of volatility risks.

Bitcoin (BTC) has surged to $112k, fueled by renewed institutional interest and a significant acquisition by Strategy, the world’s largest corporate Bitcoin holder.

Strategy acquires 196 BTC, holdings hit 640,031

Strategy, formerly MicroStrategy, has announced the acquisition of 196 Bitcoin for an undisclosed amount, bringing its total holdings to 640,031 BTC, according to a Form 8-K filing.

Strategy has acquired 196 BTC for ~$22.1 million at ~$113,048 per bitcoin. As of 9/28/2025, we hodl 640,031 $BTC acquired for ~$47.35 billion at ~$73,983 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/NnmLONBsRK

— Michael Saylor (@saylor) September 29, 2025

The purchase, funded through the company’s ATM offering programs, outlines Strategy’s position as the leading corporate Bitcoin treasury, with holdings valued at approximately $71.7 billion based on current market prices.

The acquisition follows a pattern of consistent buying, with Strategy adding 850 BTC on September 22, 2025, and 525 BTC on September 15, 2025, at an average price of $114,562 per BTC.

Michael Saylor, the Executive Chairman, has a strategy of leveraging equity and debt financing to accumulate BTC which has solidified the company’s role as a Bitcoin-backed treasury model.

This latest purchase concurs with Bitcoin’s price climbing to $112,500, reflecting a 2.9% increase from $109,525.50 three days prior.

Analysts on BTC price outlook

Analysts are cautiously optimistic about Bitcoin’s price trajectory following its climb to $112,000.

The surge aligns with the Strategy’s aggressive accumulation and broader market momentum, but opinions vary on future movements.

Analysts have projected BTC could reach $150k-$200k in 2025, and institutional adoption and macroeconomic factors are seen as key tailwinds. However, some say volatility means bears may not be done yet.

QCP analysts shared their outlook

“After a volatile September, $BTC is still up more than 3% on the month. Options markets show conviction slowly returning, but the 115k level remains the hurdle to clear for a renewed uptrend.”

Bitcoin at ‘Buy’ for dip level?

According to QCP analysts, the crypto market is showing “signs of recovery” following the carnage seen the previous week. The shakeout that saw BTC trade to under $109k may nonetheless offer a buy-the-dip opportunity.

“Despite sizable ETF outflows, particularly on Friday, spot managed to hold sideways through the weekend. This points to quarter-end basis unwinds as a key driver of redemptions, with markets absorbing the selling pressure more smoothly than expected,” QCP wrote. “With spot rebounding, this week’s ETF flows could set the tone for institutional demand heading into a seasonally bullish month.”

Strategy’s consistent buying is seen as a bullish signal, with potential U.S. policies on digital assets influencing long-term price stability.

If bulls rally, Bitcoin’s ability to break past $117k will be crucial. The level marks a sizable supply wall area and will b pivotal for a breakout above $118k and retest of the $120k mark.

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