Financial services giant Charles Schwab has significantly increased its stake in MicroStrategy, the largest known corporate holder of Bitcoin, signaling continued institutional confidence in the cryptocurrency. Schwab added 91,859 shares of MicroStrategy, bringing its total holdings to 1.27 million shares valued at approximately $168 million.
This move adds another traditional financial heavyweight to the growing list of institutions expanding their exposure to Bitcoin through MicroStrategy. The company has become a proxy trade for investors seeking amplified exposure to the digital asset, and institutional accumulation of its shares is widely interpreted as a vote of confidence not only in MicroStrategy's capital strategy but also in Bitcoin's longer-term trajectory.
At the time of the announcement, Bitcoin was trading around $67,756, hovering near the midpoint of its intraday range between roughly $66,800 and $68,200. The price action followed a sharp afternoon dip that was quickly bought, signaling continued demand on pullbacks. Technical indicators pointed to a market in consolidation, with the relative strength index near 42 (suggesting neutral-to-slightly weak momentum) and the moving average convergence divergence indicator showing signs of flattening in negative territory.
Traders are watching the $66,800 area as near-term support after multiple intraday bounces, while resistance remains clustered near $68,200. A sustained break above that upper band could open the door to a retest of the $69,000 region. Analysts note that institutional flows into MicroStrategy shares could amplify volatility in both the stock and Bitcoin, particularly if broader risk sentiment shifts. Bitcoin's next decisive move may hinge as much on traditional market catalysts and central bank policy expectations as on crypto-specific developments.
