H100 Adds 2,455.37 Bitcoin to Holdings in $154.44 Million Purchase
H100, an institutional investor, has made another significant Bitcoin purchase.
The firm bought 2,455.37 BTC for $154.44 million at an average price of $62,900 per coin.
This acquisition brings H100's total holdings to 3,506.4 BTC, valued at $228.4 million with a cost basis of $78,399.
The current market price is $65,250.89, which is within the Bollinger band and approaching the upper resistance level of $65,380.75.
Key technical indicators suggest that the price may soon experience a healthy retracement to the 50-EMA support at $64,573.88 before resuming its upward trajectory in this accumulation phase.